Urgent.ly Inc. (NASDAQ:ULY) Director Volkow Ben Sells 11,900 Shares

Urgent.ly Inc. (NASDAQ:ULY) Director Volkow Ben sold 11,900 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $1.72, for a total transaction of $20,468.00. Following the completion of the sale, the director now owns 548,044 shares of the company’s stock, valued at approximately $942,635.68. The transaction was disclosed in a filing with the SEC, which is available through this link.

Volkow Ben also recently made the following trade(s):

• On Monday, March 18th, Volkow Ben sold 24,500 shares of Urgent.ly stock. The stock was sold at an average price of $2.22, for a total transaction of $54,390.00.

Urgent.ly Stock Performance

ULY opened at $1.64 on Wednesday. The firm’s 50-day moving average is $2.12. The company has a debt-to-equity ratio of 6.88, a current ratio of 3.47 and a quick ratio of 3.47. Urgent.ly Inc. has a fifty-two week low of $1.47 and a fifty-two week high of $12.00.

Urgent.ly (NASDAQ:ULY) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($2.43) earnings per share for the quarter. The company had revenue of $45.05 million for the quarter.

Institutional Investors Weigh In On Urgent.ly

Several institutional investors have recently added to or reduced their stakes in the business. Mithaq Capital SPC purchased a new stake in shares of Urgent.ly in the fourth quarter worth about $3,784,000. Senvest Management LLC bought a new position in shares of Urgent.ly in the fourth quarter worth approximately $2,173,000. B. Riley Financial Inc. bought a new position in Urgent.ly during the fourth quarter valued at approximately $1,322,000. Cowen AND Company LLC bought a new position in Urgent.ly during the fourth quarter valued at approximately $1,275,000. Finally, Black Maple Capital Management LP bought a new position in Urgent.ly during the fourth quarter valued at approximately $447,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reduced their price target on shares of Urgent.ly from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, March 15th.

About Urgent.ly

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.