Wise (LON:WISE) Shares Down 0.9% Following Insider Selling

Wise plc (LON:WISE)’s share price fell 0.9% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as GBX 1,066 ($14.63) and last traded at GBX 1,068 ($14.66). 1,126,713 shares were traded during trading, a decline of 84% from the average session volume of 6,901,451 shares. The stock had previously closed at GBX 1,078 ($14.79).

Specifically, insider Clare Gilmartin sold 48,360 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 1,058 ($14.52), for a total transaction of £511,648.80 ($702,139.15).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,240 ($17.02) price target on shares of Wise in a research note on Tuesday, April 15th.

Wise Trading Down 0.9%

The company has a market cap of £10.89 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.28 and a beta of 0.75. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The business’s 50-day simple moving average is GBX 1,051.35 and its 200-day simple moving average is GBX 1,024.33.

Wise (LON:WISE) last issued its quarterly earnings data on Thursday, June 5th. The company reported GBX 40.37 ($0.55) earnings per share for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. Research analysts predict that Wise plc will post 37.7347752 earnings per share for the current fiscal year.

Wise Company Profile

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services.