Insider Selling: Sangoma Technologies Co. (CVE:STC) Director Sells C$29,025.00 in Stock

Sangoma Technologies Co. (CVE:STC) Director David Mandelstam sold 12,900 shares of Sangoma Technologies stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$2.25, for a total transaction of C$29,025.00. Following the transaction, the director now directly owns 3,764,393 shares in the company, valued at C$8,469,884.25.

David Mandelstam also recently made the following trade(s):

  • On Wednesday, June 17th, David Mandelstam sold 200 shares of Sangoma Technologies stock. The stock was sold at an average price of C$2.25, for a total transaction of C$450.00.

Shares of STC opened at C$2.29 on Tuesday. The company has a debt-to-equity ratio of 87.64, a current ratio of 0.98 and a quick ratio of 0.58. The stock has a market cap of $161.88 million and a PE ratio of 52.05. The firm has a 50-day simple moving average of C$2.13 and a two-hundred day simple moving average of C$2.12. Sangoma Technologies Co. has a 1-year low of C$1.08 and a 1-year high of C$2.75.

Sangoma Technologies (CVE:STC) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.02. The business had revenue of C$36.31 million during the quarter, compared to analyst estimates of C$35.55 million. As a group, sell-side analysts expect that Sangoma Technologies Co. will post 0.1 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on STC shares. Pi Financial reiterated a “buy” rating and set a C$2.70 price target on shares of Sangoma Technologies in a research report on Tuesday, May 26th. Cormark lifted their price target on shares of Sangoma Technologies from C$2.65 to C$2.85 in a research report on Thursday, May 28th.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. It offers private branch exchange (PBX) platforms, including PBXact Cloud, a cloud based business communication platform; PBXact, an on-premise PBX phone systems; PBXact SaaS, software as a service; and FreePBX.

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