Planet Payment Inc (PLPM) Files Form 4 Insider Selling : Jonathan Kaiden Sells 15,880 Shares

Planet Payment Inc (PLPM): Jonathan Kaiden , director of Planet Payment Inc sold 15,880 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $4.51 per share for a total value of $71,555.28 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Jonathan Kaiden (director) sold 11,970 shares at $4.50 per share price.On Nov 13, 2015, Cameron R M Mccoll (director) sold 50,000 shares at $2.67 per share price.

Planet Payment Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Planet Payment Inc which led to swings in the share price. The shares opened for trading at $4.35 and hit $4.5499 on the upside , eventually ending the session at $4.36, with a gain of 0.46% or 0.02 points. The heightened volatility saw the trading volume jump to 3,69,947 shares. The 52-week high of the share price is $4.5499 and the company has a market cap of $217,948 M . The 52-week low of the share price is at $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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