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Wise (LON:WISE) Stock Price Down 0.9% on Insider Selling

Wise logo with Computer and Technology background

Wise plc (LON:WISE - Get Free Report)'s stock price was down 0.9% during 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). Approximately 1,126,713 shares changed hands during trading, a decline of 84% from the average daily 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 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).

Analyst Ratings Changes

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

Get Our Latest Analysis on Wise

Wise Stock Performance

The firm has a fifty day simple moving average of GBX 1,051.35 and a 200-day simple moving average of GBX 1,024.33. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. The stock has a market cap of £10.89 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 1.28 and a beta of 0.75.

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

About Wise

(Get Free Report)

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.

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