Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 21,286 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 21,286 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.68, for a total value of $206,048.48. Following the completion of the sale, the insider now directly owns 888,608 shares of the company’s stock, valued at approximately $8,601,725.44. This represents a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, November 29th, Sean Kiewiet sold 6,467 shares of Priority Technology stock. The shares were sold at an average price of $10.10, for a total value of $65,316.70.
• On Tuesday, November 26th, Sean Kiewiet sold 22,178 shares of Priority Technology stock. The shares were sold at an average price of $10.01, for a total value of $222,001.78.
• 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 shares were 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 stock was 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 shares were 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 transaction of $26,801.14.

Priority Technology Trading Up 0.3 %

NASDAQ PRTH traded up $0.03 during trading hours on Tuesday, reaching $9.95. 136,575 shares of the stock traded hands, compared to its average volume of 67,652. Priority Technology Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $10.44. The stock has a 50 day simple moving average of $6.94 and a two-hundred day simple moving average of $5.73.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Priority Technology by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock worth $2,494,000 after purchasing an additional 156,044 shares during the period. Virtu Financial LLC purchased a new stake in Priority Technology in the first quarter valued at approximately $50,000. Williams & Novak LLC acquired a new position in shares of Priority Technology in the 2nd quarter valued at about $77,000. Renaissance Technologies LLC acquired a new position in shares of Priority Technology in the second quarter worth about $202,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Priority Technology in the 2nd quarter worth $301,000. 11.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.