Silversun Technologies CEO sells shares worth over $209k
SSNT
-4.28%
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Mark Meller, the Chief Executive Officer of SilverSun Technologies, Inc. (NASDAQ:SSNT), has recently sold a total of 15,876 shares of company stock, with the transaction amounting to over $209,358. This sale took place on March 22, 2024, with the average price per share being $13.1871.
Investors following SilverSun Technologies may be interested to know that these shares were sold in multiple transactions, with prices ranging from $13.125 to $13.245 per share. Following this sale, Meller’s direct ownership in the company has decreased, yet he still holds a significant amount of 309,736 shares.
As a key executive and a recognized name within the company, Meller’s stock transactions are often closely watched by market participants for insights into executive sentiment regarding the company’s future prospects.
The details of the transactions, including the specific number of shares sold at each price within the given range, are available upon request to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, as per the footnote in the SEC filing.
SilverSun Technologies, based in East Hanover, New Jersey, specializes in computer processing and data preparation services, operating within the technology sector. The company, incorporated in Delaware, has been publicly traded and has undergone name changes in its history, previously known as Trey Resources Inc. and Trey Industries Inc.
The sale by CEO Mark Meller represents a notable transaction for SilverSun Technologies, and investors may seek to understand the context and implications of such insider activity as part of their broader analysis of the company’s stock performance and future outlook.
InvestingPro Insights
In light of the recent insider transaction by Mark Meller, CEO of SilverSun Technologies, Inc. (NASDAQ:SSNT), investors may find additional context through key metrics and insights from InvestingPro. Here’s a snapshot of the company’s financial health and stock performance:
- The company’s market capitalization stands at $69.61 million USD, indicating its size within the technology sector and the broader market.
- SilverSun Technologies has experienced a significant revenue growth of 21.19% over the last twelve months as of Q4 2023, showcasing its ability to expand its business operations.
- Despite not paying dividends, the stock has had a high return of 354.92% over the last year, reflecting a substantial increase in shareholder value during this period.
InvestingPro Tips highlight that SilverSun Technologies holds more cash than debt on its balance sheet, which could be a sign of financial stability. Additionally, the company’s stock generally trades with high price volatility, which could attract investors looking for short-term trading opportunities or those with a higher risk tolerance.
For those interested in a deeper dive into SilverSun Technologies’ financials and stock performance, InvestingPro offers a comprehensive list of tips. As of now, there are 15 additional InvestingPro Tips available, providing a wealth of information for investors seeking to make informed decisions. To explore these insights further, check out InvestingPro and don’t forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
