Insider Selling: Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells 170,596 Shares of Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 170,596 shares at an average price of $10.60, totaling $1,808,317.60, representing a 19.33% decrease in his ownership. Post-sale, he holds 711,853 shares valued at approximately $7.55 million. Kiewiet has made several other sales recently, with the stock currently trading at $11.75. Analysts have raised their target prices for PRTH, with Lake Street Capital setting it at $13.00 and B. Riley at $16.00, both maintaining a "buy" rating.

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Get Free Report) insider Sean Kiewiet sold 170,596 shares of the company's stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $10.60, for a total transaction of $1,808,317.60. Following the sale, the insider now owns 711,853 shares of the company's stock, valued at approximately $7,545,641.80. The trade was a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sean Kiewiet also recently made the following trade(s):

On Tuesday, December 17th, Sean Kiewiet sold 100 shares of Priority Technology stock. The stock was sold at an average price of $10.00, for a total value of $1,000.00.
On Wednesday, December 11th, Sean Kiewiet sold 100 shares of Priority Technology stock. The shares were sold at an average price of $10.00, for a total value of $1,000.00.
On Wednesday, December 4th, Sean Kiewiet sold 488 shares of Priority Technology stock. The shares were sold at an average price of $10.01, for a total transaction of $4,884.88.
On Monday, December 2nd, Sean Kiewiet sold 21,286 shares of Priority Technology stock. The shares were sold at an average price of $9.68, for a total transaction of $206,048.48.
On Friday, November 29th, Sean Kiewiet sold 6,467 shares of Priority Technology stock. The stock was sold at an average price of $10.10, for a total value of $65,316.70.
On Tuesday, November 26th, Sean Kiewiet sold 22,178 shares of Priority Technology stock. The shares were sold at an average price of $10.01, for a total value of $222,001.78.
On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The stock was sold at an average price of $5.11, for a total value of $29,127.00.
On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The shares were sold at an average price of $5.30, for a total value of $22,790.00.
On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The shares were sold at an average price of $6.00, for a total transaction of $26,898.00.

Priority Technology Stock Performance

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Shares of PRTH opened at $11.75 on Wednesday. The firm's 50-day simple moving average is $8.45 and its two-hundred day simple moving average is $6.62. Priority Technology Holdings, Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $12.44. The stock has a market cap of $907.08 million, a PE ratio of -27.98 and a beta of 1.20.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Lake Street Capital raised their target price on shares of Priority Technology from $8.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. B. Riley lifted their price objective on Priority Technology from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods increased their target price on Priority Technology from $9.00 to $10.00 and gave the stock a "market perform" rating in a research report on Friday, November 22nd.

View Our Latest Research Report on Priority Technology

Institutional Trading of Priority Technology

Several hedge funds and other institutional investors have recently made changes to their positions in PRTH. Jane Street Group LLC boosted its holdings in Priority Technology by 6.1% in the third quarter. Jane Street Group LLC now owns 22,347 shares of the company's stock worth $153,000 after acquiring an additional 1,293 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Priority Technology by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company's stock valued at $109,000 after acquiring an additional 6,096 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Priority Technology by 15.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company's stock valued at $386,000 after purchasing an additional 7,719 shares in the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Priority Technology by 17.0% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 66,675 shares of the company's stock worth $455,000 after buying an additional 9,675 shares in the last quarter. Finally, Corsair Capital Management L.P. raised its position in Priority Technology by 10.5% in the 3rd quarter. Corsair Capital Management L.P. now owns 105,458 shares of the company's stock worth $720,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.

Priority Technology Company Profile

(Get Free Report)

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.