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Randall K. Fields, the Chief Executive Officer of ReposiTrak, Inc. (NASDAQ:TRAK), recently sold shares of the company worth $136,999, according to a recent SEC filing. The transactions occurred over two days, with 4,000 shares sold on April 7 at an average price of $18.217 and 3,500 shares sold on April 8 at an average price of $18.3233. The stock, which has seen a -9.07% decline over the past week, currently trades at $18.15, giving the company a market capitalization of approximately $329 million. According to InvestingPro analysis, the company maintains impressive gross profit margins of 83.31%.
These sales were conducted under a pre-established Rule 10b5-1 trading plan, which Fields adopted to fulfill certain charitable commitments. Following these transactions, Fields retains ownership of 244,500 shares indirectly through RK Fields Charitable 2022, LLC.
ReposiTrak, headquartered in Murray, Utah, is involved in computer processing and data preparation services.
In other recent news, ReposiTrak, Inc. reported its Q2 FY2025 earnings, revealing a slight shortfall in both earnings per share (EPS) and revenue compared to analyst forecasts. The company recorded an EPS of $0.08, below the forecasted $0.09, and revenue of $5.5 million, missing the expected $5.83 million. Despite this, ReposiTrak's revenue increased by 7% year-over-year, and its EPS grew by 14% year-over-year. In a related development, ReposiTrak announced a quarterly dividend of $0.01815 per share, reflecting its commitment to returning value to shareholders. The company plans to distribute future dividends within 45 days following the end of each fiscal quarter. ReposiTrak continues to focus on automation and innovation, anticipating double-digit revenue growth in upcoming quarters. The company also remains optimistic about its strategic initiatives in automation and traceability, as highlighted by CEO Randy Fields. Additionally, ReposiTrak's cash on the balance sheet increased by 12%, reaching $28 million, indicating strong financial positioning.
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