Insider Buying: XBP Global (NASDAQ:XBP) CEO Acquires 31,500 Shares of Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) CEO Andrej Jonovic acquired 31,500 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $2.83 per share, with a total value of $89,145.00. Following the acquisition, the chief executive officer owned 244,700 shares of the company’s stock, valued at $692,501. This represents a 14.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

XBP Global Stock Up 8.5%

Shares of XBP stock traded up $0.25 during mid-day trading on Thursday, reaching $3.18. 25,376 shares of the company’s stock traded hands, compared to its average volume of 18,445. The company’s 50-day moving average price is $2.91 and its 200-day moving average price is $3.17. The company has a market cap of $37.78 million, a P/E ratio of -0.86 and a beta of -0.45. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 7.59. XBP Global Holdings, Inc. has a 12 month low of $2.00 and a 12 month high of $13.00.

XBP Global (NASDAQ:XBP) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.04) by ($0.38). XBP Global had a return on equity of 1,328.38% and a net margin of 134.88%.The business had revenue of $191.31 million during the quarter, compared to the consensus estimate of $197.70 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of XBP Global in a report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, XBP Global currently has an average rating of “Hold” and an average target price of $5.00.

About XBP Global

XBP Global Holdings, Inc is a business process management and automation company that helps organizations digitize, streamline and manage document-intensive workflows. Its services are designed to improve the processing of business information and transactions across functions such as accounts payable, accounts receivable, payments, claims and customer communications.

The company combines software, data capture, workflow automation and managed services to support enterprises and public-sector organizations.