PAR Technology Corp's (NYSE:PAR) Chief Financial Officer, Bryan A. Menar, has sold a portion of his holdings in the company for a total of over $35,000. The transaction, which took place on April 8, involved the sale of 803 shares of common stock at an average price of $43.79.
According to details disclosed, the shares were sold at prices ranging from $43.66 to $43.96. This range indicates a slight fluctuation in the stock price during the period of the sale. The sale was executed automatically pursuant to a Rule 10b5-1 trading plan that Menar had adopted on December 7, 2023.
After the transaction, the CFO still owns 54,601 shares of PAR Technology, indicating a continued investment in the company's future. PAR Technology, headquartered in New Hartford, NY, specializes in calculating and accounting machines, but not electronic computers.
Investors often monitor insider transactions as they can provide insights into an executive's view of the company's future prospects. The sale by Menar represents a notable change in his investment position, though it is part of a planned trading strategy as per the 10b5-1 plan.
For those interested in PAR Technology's stock movements, the company trades under the ticker symbol NYSE:PAR. The company's stock performance and insider transactions like these are closely watched by the market for indications of corporate health and executive confidence.
The transaction was reported in a Form 4 filing with the Securities and Exchange Commission, which provides transparency into the trading activities of the company's insiders.
InvestingPro Insights
As PAR Technology Corp's (NYSE:PAR) CFO Bryan A. Menar adjusts his stake in the company, investors are taking a closer look at the company's financial health and future prospects. Here are some insights based on the latest data from InvestingPro:
The company holds a market capitalization of approximately $1.48 billion, reflecting its size and significance within its industry. Despite a challenging market environment, PAR Technology has shown resilience with a revenue growth of 16.87% over the last twelve months as of Q4 2023. This growth is a positive signal for potential investors, indicating an ability to expand business operations even in tough economic times.
However, it's worth noting that the company's P/E ratio stands at -17.13, and analysts have indicated that they do not expect the company to be profitable this year. The negative P/E ratio suggests that investors are currently paying more for each dollar of loss, which is often a sign of high growth expectations or an indication of financial troubles. This is corroborated by the fact that PAR Technology was not profitable over the last twelve months, with an operating income margin of -16.69%.
From a liquidity standpoint, PAR Technology appears to be in a strong position, as its liquid assets exceed short-term obligations. This is an important metric for investors, as it suggests the company can cover its short-term liabilities without facing financial distress.
To gain further insights into PAR Technology and to access additional InvestingPro Tips, visit https://www.investing.com/pro/PAR. There are currently 7 additional tips available for PAR Technology, which can provide a deeper understanding of the company's financial standing and market potential. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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