Verb Technology (NASDAQ:TONX) CFO Sarah Josephine Olsen Sells 25,420 Shares of Stock

Verb Technology Company, Inc. (NASDAQ:TONX) CFO Sarah Josephine Olsen sold 25,420 shares of Verb Technology stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $2.87, for a total value of $72,955.40. Following the completion of the transaction, the chief financial officer directly owned 1,285,070 shares of the company’s stock, valued at $3,688,150.90. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Verb Technology Stock Performance

Shares of NASDAQ TONX opened at $2.90 on Thursday. The stock’s 50-day moving average is $3.26. Verb Technology Company, Inc. has a 12-month low of $1.75 and a 12-month high of $4.44.

Analysts Set New Price Targets

A number of brokerages have weighed in on TONX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Verb Technology in a research note on Friday, October 2nd. Wall Street Zen raised shares of Verb Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

About Verb Technology

Verb Technology Company, Inc developed interactive, video-based sales and marketing software designed to help businesses engage customers and manage digital commerce activities. Its technology included sales-enablement and customer relationship management tools, as well as video presentation and livestreaming capabilities.

The company’s best-known platform was MARKET.live, a livestream social-shopping marketplace that connected brands, retailers, creators and consumers. The platform was designed to support product demonstrations, interactive broadcasts and purchases across digital and social-commerce channels.