Today it was reported that a Director at Green Dot (NYSE: GDOT), Kenneth Aldrich, exercised options to sell 31,281 GDOT shares at $21.51 a share, for a total transaction value of $2.68M.
This is Aldrich’s first transaction since reporting a Buy transaction on ISCO back in January 2008 In addition to Kenneth Aldrich, 2 other GDOT executives reported Sell trades in the last month.
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Based on Green Dot’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $258 million and quarterly net profit of $29.83 million. In comparison, last year the company earned revenue of $223 million and had a net profit of $19.27 million. GDOT’s market cap is $4.49B and the company has a P/E ratio of 36.50. Currently, Green Dot has an average volume of 122.4K.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $86.78, reflecting a 2.0% upside. Four different firms, including Mizuho Securities and Morgan Stanley, currently also have a Sell rating on the stock.
The insider sentiment on Green Dot has been negative according to 133 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Green Dot Corp. is a pro-consumer bank holding company and financial technology innovator, which engages in the provision of prepaid cards, debit cards, checking accounts, secured credit cards, payroll debit cards, consumer cash processing services, wage disbursements, and tax refund processing services.
