Insider Selling: Green Dot Co. (GDOT) CFO Sells $363,740.00 in Stock

Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of Green Dot stock in a transaction on Monday, February 12th. The stock was sold at an average price of $55.96, for a total value of $363,740.00. Following the sale, the chief financial officer now owns 713,333 shares of the company’s stock, valued at $39,918,114.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Green Dot Co. (GDOT) opened at $60.44 on Friday. Green Dot Co. has a 52 week low of $26.21 and a 52 week high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3,058.35, a PE ratio of 35.19 and a beta of 0.87.

Institutional investors and hedge funds have recently bought and sold shares of the business. LS Investment Advisors LLC grew its stake in Green Dot by 70.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,082 shares during the last quarter. Globeflex Capital L P purchased a new position in Green Dot in the fourth quarter valued at about $185,000. Verition Fund Management LLC purchased a new position in Green Dot in the fourth quarter valued at about $216,000. Ameritas Investment Partners Inc. grew its stake in Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 472 shares during the last quarter. Finally, Shelton Capital Management purchased a new position in Green Dot in the third quarter valued at about $210,000. Institutional investors own 78.53% of the company’s stock.

GDOT has been the topic of several research reports. Citigroup upgraded Green Dot from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $68.00 in a research note on Tuesday. William Blair restated an “outperform” rating on shares of Green Dot in a research note on Monday, February 12th. Cowen restated a “hold” rating and set a $55.00 price target on shares of Green Dot in a research note on Friday, January 12th. Guggenheim restated a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. Finally, Zacks Investment Research lowered Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.69.

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About Green Dot

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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