Megaport Ltd (ASX:MP1) insider Bevan Slattery sold 3,300,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of A$5.11 ($3.62), for a total transaction of A$16,863,000.00 ($11,959,574.47).
Bevan Slattery also recently made the following trade(s):
- On Thursday, March 14th, Bevan Slattery sold 5,000,000 shares of Megaport stock. The shares were sold at an average price of A$4.00 ($2.84), for a total transaction of A$20,000,000.00 ($14,184,397.16).
Shares of MP1 traded up A$0.21 ($0.15) during mid-day trading on Friday, reaching A$5.66 ($4.01). The company had a trading volume of 349,765 shares. Megaport Ltd has a 1-year low of A$3.03 ($2.15) and a 1-year high of A$5.84 ($4.14). The company has a current ratio of 3.59, a quick ratio of 3.41 and a debt-to-equity ratio of 0.03. The company has a market cap of $760.50 million and a P/E ratio of -23.20.
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Megaport Limited provides elastic interconnection services to the enterprises and service providers in Australia, the Asia-Pacific, North America, and Europe. The company operates a platform that enables customers to connect their network to other services. It also offers Internet exchange services. Megaport Limited has partnership with the Orixcom to enable enterprises and carriers with direct access to managed service providers and cloud service providers.
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