Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 22,178 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 22,178 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $10.01, for a total transaction of $222,001.78. Following the sale, the insider now directly owns 1,009,675 shares in the company, valued at $10,106,846.75. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sean Kiewiet also recently made the following trade(s):

• On Monday, December 2nd, Sean Kiewiet sold 21,286 shares of Priority Technology stock. The shares were sold at an average price of $9.68, for a total value of $206,048.48.
• On Friday, November 29th, Sean Kiewiet sold 6,467 shares of Priority Technology stock. The stock was sold at an average price of $10.10, for a total value of $65,316.70.
• On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The shares were sold at an average price of $5.11, for a total transaction of $29,127.00.
• On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The stock was sold at an average price of $5.30, for a total transaction of $22,790.00.
• On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The shares were sold at an average price of $6.00, for a total transaction of $26,898.00.
• On Tuesday, October 1st, Sean Kiewiet sold 11,664 shares of Priority Technology stock. The stock was sold at an average price of $6.61, for a total value of $77,099.04.
• On Thursday, September 5th, Sean Kiewiet sold 4,954 shares of Priority Technology stock. The stock was sold at an average price of $5.41, for a total value of $26,801.14.

Priority Technology Stock Performance

PRTH stock traded up $0.03 during midday trading on Tuesday, reaching $9.95. 136,575 shares of the company’s stock traded hands, compared to its average volume of 67,652. Priority Technology Holdings, Inc. has a 52 week low of $2.79 and a 52 week high of $10.44. The firm’s fifty day moving average price is $6.94 and its 200-day moving average price is $5.73.

Hedge Funds Weigh In On Priority Technology

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Priority Technology by 25.7% in the first quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock valued at $2,494,000 after purchasing an additional 156,044 shares in the last quarter. Rebalance LLC purchased a new stake in Priority Technology in the 3rd quarter valued at $4,822,000. Geode Capital Management LLC lifted its stake in Priority Technology by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock valued at $2,707,000 after acquiring an additional 21,598 shares in the last quarter. Corsair Capital Management L.P. boosted its holdings in Priority Technology by 10.5% during the 3rd quarter. Corsair Capital Management L.P. now owns 105,458 shares of the company’s stock worth $720,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. increased its stake in Priority Technology by 17.0% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 66,675 shares of the company’s stock valued at $455,000 after buying an additional 9,675 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PRTH. Lake Street Capital lifted their price objective on shares of Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Priority Technology from $9.00 to $10.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Finally, B. Riley raised their target price on Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, November 25th.

About Priority Technology

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.