Planet Payment Inc (PLPM) Files Form 4 Insider Selling : Jonathan Kaiden Sells 11,970 Shares

Planet Payment Inc (PLPM): Jonathan Kaiden , director of Planet Payment Inc sold 11,970 shares on May 18, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $4.50 per share for a total value of $53,865.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 13, 2015, Cameron R M Mccoll (director) sold 50,000 shares at $2.67 per share price.

Shares of Planet Payment Inc (PLPM) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.69% at $4.34 with 11,60,123 shares getting traded. Post opening the session at $4.38, the shares hit an intraday low of $4.15 and an intraday high of $4.44 and the price vacillated in this range throughout the day. The company has a market cap of $216,948 M and the number of outstanding shares has been calculated to be 49,98,80,00,000 shares. The 52-week high of Planet Payment Inc is $4.5 and the 52-week low is $2.0615.

Planet Payment Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Planet Payment Inc is Reiterated by Lake Street to Buy and the brokerage firm has raised the Price Target to $ 4.50 from a previous price target of $4.25 .The Rating was issued on May 5, 2016.Planet Payment Inc is Initiated by Northland Capital to Outperform. The Rating was issued on Apr 13, 2016.Planet Payment Inc is Reiterated by Lake Street to Buy and the brokerage firm has raised the Price Target to $ 4 from a previous price target of $3.50 .The Rating was issued on Mar 3, 2016.

Planet Payment Inc. is a provider of international payment and transaction processing and multi-currency processing services. The Company manages its business through two segments: Multi-currency processing services which includes Pay In Your Currency and Shop In Your Currency enables merchants to offer customized pricing in multiple currencies and payment processing services comprising authorization capture clearing and settlement services. The Company also offers non-financial transaction processing services that allow merchants to offer a range of commercial services including pre-paid mobile phone top-up and bill payments using the same point-of-sale devices deployed to accept payment cards. The Company provides its services to approximately 93000 active merchant locations in 23 countries and territories across the Asia Pacific region Americas the Middle East Africa and Europe.

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