Today it was reported that a Director at WEX (WEX), Michael Dubyak, exercised options to sell 15,000 WEX shares for a total transaction value of $3M.
Following Michael Dubyak’s last WEX Sell transaction on October 04, 2016, the stock climbed by 100.3%. In addition to Michael Dubyak, 2 other WEX executives reported Sell trades in the last month.
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Based on WEX’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $382 million and quarterly net profit of $16.13 million. In comparison, last year the company earned revenue of $355 million and had a net profit of $48.63 million. WEX’s market cap is $8.9B and the company has a P/E ratio of 67.20. Currently, WEX has an average volume of 398.5K.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $217.22, reflecting a 9.8% upside.
Michael Dubyak’s trades have generated a 22.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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WEX, Inc. engages in the provision of payment processing and information management solutions. It operates through the following segments: Fleet Solutions; Travel and Corporate Solutions; and Health and Employee Benefit Solutions.
