Sangoma Technologies Co. (CVE:STC) Director David Mandelstam Sells 186,900 Shares of Stock

Sangoma Technologies Co. (CVE:STC) Director David Mandelstam sold 186,900 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$2.25, for a total transaction of C$420,525.00. Following the transaction, the director now owns 3,577,493 shares of the company’s stock, valued at approximately C$8,049,359.25.

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

  • On Friday, June 26th, David Mandelstam sold 12,900 shares of Sangoma Technologies stock. The shares were sold at an average price of C$2.25, for a total transaction of C$29,025.00.
  • On Wednesday, June 17th, David Mandelstam sold 200 shares of Sangoma Technologies stock. The shares were sold at an average price of C$2.25, for a total transaction of C$450.00.

Shares of STC opened at C$2.39 on Wednesday. The stock has a market capitalization of $161.88 million and a PE ratio of 54.32. The company’s fifty day moving average is C$2.13 and its 200 day moving average is C$2.12. The company has a debt-to-equity ratio of 87.64, a quick ratio of 0.58 and a current ratio of 0.98. Sangoma Technologies Co. has a fifty-two week low of C$1.08 and a fifty-two week high of C$2.75.

Sangoma Technologies (CVE:STC) last issued its quarterly earnings data on Wednesday, May 27th. The company reported C$0.02 EPS for the quarter, hitting analysts’ consensus estimates of C$0.02. The business had revenue of C$36.31 million during the quarter, compared to analysts’ expectations of C$35.55 million. As a group, research analysts forecast that Sangoma Technologies Co. will post 0.1 earnings per share for the current year.

STC has been the topic of several research reports. Pi Financial reaffirmed a “buy” rating and issued a C$2.70 target price on shares of Sangoma Technologies in a report on Tuesday, May 26th. Cormark raised their price target on Sangoma Technologies from C$2.65 to C$2.85 in a report on Thursday, May 28th.

About Sangoma Technologies

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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