Sezzle Inc. Executive Director and President, Paul Paradis, has recently sold shares of the company, according to the latest SEC filings. The transactions, which took place on May 10, 2024, involved the sale of 1,645 shares of Sezzle Inc. (NYSE:SEZL) common stock, totaling over $132,682.
Investors tracking insider activity may note that the shares were sold at prices ranging from $75.00 to $83.79. The reported weighted average selling price was $80.6582 per share. Following the sale, Paradis still holds a substantial number of shares in the company, specifically 208,261 shares of common stock, indicating a continued investment in Sezzle Inc.'s future.
Sezzle, known for its business services within the diverse sector of trade and services, has not released any official statement regarding the transactions. The details of the sale, including the range of prices at which the stock was sold, are available upon request, as noted in the footnotes of the SEC filing.
The sale by the executive is a routine disclosure, and such filings are closely watched by investors for signs of management's confidence in the company's prospects. Sezzle Inc.'s stock performance and the ongoing strategic decisions by its leadership will continue to be areas of focus for shareholders and market analysts alike.
InvestingPro Insights
As Sezzle Inc. (NYSE:SEZL) navigates the market, real-time data from InvestingPro provides a clearer picture of the company's financial standing. Sezzle's market capitalization currently stands at $474.27 million, with a P/E ratio of 19.35. Adjusted figures for the last twelve months as of Q1 2024 reflect a more favorable P/E ratio of 13.26, suggesting a potentially undervalued stock in terms of earnings.
The company's revenue growth has been robust, with a 29.45% increase over the last twelve months as of Q1 2024, and an even higher quarterly revenue growth of 35.49% in Q1 2024. This growth is paired with a strong gross profit margin of 48.4%, indicating efficient management of costs relative to revenue.
InvestingPro Tips highlight that Sezzle is expected to see net income growth this year, which aligns with the company's solid revenue and profit margins. Moreover, the stock has experienced significant returns, with a 65.4% return over the last week and an impressive 697.52% over the last six months. These metrics may be particularly relevant for investors considering the recent insider sale and assessing the company's future potential.
For investors looking for deeper insights and additional InvestingPro Tips, there are 12 more tips available for Sezzle Inc., which can be accessed at https://www.investing.com/pro/SEZL. To enrich your investment strategy, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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