Sangoma Technologies Co. (CVE:STC) Senior Officer William Wignall Buys 5,000 Shares of Stock

Sangoma Technologies Co. (CVE:STCGet Rating) Senior Officer William Wignall acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were purchased at an average cost of C$5.30 per share, for a total transaction of C$26,500.00. Following the acquisition, the insider now owns 291,832 shares in the company, valued at C$1,546,709.60.

William Wignall also recently made the following trade(s):

  • On Tuesday, November 15th, William Wignall acquired 4,000 shares of Sangoma Technologies stock. The shares were purchased at an average cost of C$6.00 per share, for a total transaction of C$24,000.00.
  • On Thursday, September 29th, William Wignall acquired 1,500 shares of Sangoma Technologies stock. The shares were purchased at an average cost of C$7.41 per share, for a total transaction of C$11,113.50.

Sangoma Technologies Stock Performance

STC stock opened at C$3.99 on Tuesday. The stock has a 50-day moving average price of C$3.99 and a 200-day moving average price of C$3.99. Sangoma Technologies Co. has a 1-year low of C$2.53 and a 1-year high of C$5.50. The company has a current ratio of 0.97, a quick ratio of 0.69 and a debt-to-equity ratio of 23.80. The firm has a market cap of C$531.28 million and a PE ratio of 997.50.

Sangoma Technologies (CVE:STCGet Rating) last posted its quarterly earnings data on Monday, September 26th. The company reported C($0.29) earnings per share for the quarter. The firm had revenue of C$79.77 million during the quarter, compared to analysts’ expectations of C$88.53 million. As a group, equities research analysts expect that Sangoma Technologies Co. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

STC has been the topic of several recent research reports. BMO Capital Markets cut their price objective on Sangoma Technologies from C$30.00 to C$20.00 in a report on Wednesday, September 28th. CIBC cut their target price on Sangoma Technologies from C$6.50 to C$6.00 in a report on Wednesday, September 28th. TD Securities cut their target price on Sangoma Technologies from C$17.50 to C$16.50 and set a “buy” rating on the stock in a report on Monday, November 14th. Acumen Capital cut their target price on Sangoma Technologies from C$20.00 to C$15.00 in a report on Wednesday, September 28th. Finally, Cormark cut their target price on Sangoma Technologies from C$25.00 to C$20.00 in a report on Monday, November 14th.

About Sangoma Technologies

(Get Rating)

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; and FAXStation, a fax-over-IP solution.

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