Insider Selling: Green Dot Co. (GDOT) COO Sells $1,742,080.56 in Stock

Green Dot Co. (NYSE:GDOT) COO Kuan Archer sold 22,088 shares of Green Dot stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $78.87, for a total value of $1,742,080.56. Following the completion of the sale, the chief operating officer now directly owns 170,155 shares in the company, valued at approximately $13,420,124.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kuan Archer also recently made the following trade(s):

  • On Monday, November 12th, Kuan Archer sold 9,563 shares of Green Dot stock. The shares were sold at an average price of $81.32, for a total value of $777,663.16.

Green Dot stock opened at $82.06 on Friday. Green Dot Co. has a 52 week low of $54.08 and a 52 week high of $93.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $4.25 billion, a P/E ratio of 51.94 and a beta of 0.98.



Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.13. Green Dot had a return on equity of 14.80% and a net margin of 11.47%. The business had revenue of $230.58 million during the quarter, compared to analysts’ expectations of $223.95 million. During the same quarter last year, the company posted $0.34 earnings per share. Green Dot’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts predict that Green Dot Co. will post 2.49 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in Green Dot during the third quarter worth about $161,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Green Dot during the third quarter worth approximately $165,000. Clarus Wealth Advisors bought a new stake in shares of Green Dot during the third quarter worth approximately $287,000. LPL Financial LLC bought a new stake in shares of Green Dot during the third quarter worth approximately $317,000. Finally, Cynosure Advisors LLC bought a new stake in shares of Green Dot during the second quarter worth approximately $280,000. Institutional investors and hedge funds own 85.70% of the company’s stock.

GDOT has been the topic of a number of recent research reports. Zacks Investment Research raised Green Dot from a “hold” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a research report on Wednesday, November 14th. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Thursday, January 3rd. Citigroup set a $105.00 target price on Green Dot and gave the company a “buy” rating in a research report on Friday, November 9th. Barclays initiated coverage on Green Dot in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $103.00 target price on the stock. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Green Dot in a research report on Friday, September 14th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.54.

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About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

Further Reading: Outstanding Shares and The Effect on Share Price

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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