Spok holdings corporate secretary sells $260,415 in stock

Published 14/03/2025, 21:34
Spok holdings corporate secretary sells $260,415 in stock

Sharon Woods-Keisling, the Corporate Secretary and Treasurer of Spok Holdings, Inc. (NASDAQ:SPOK), a $322 million market cap company with a "GOOD" financial health rating according to InvestingPro, recently sold a significant portion of her shares in the company. According to a filing with the Securities and Exchange Commission, Woods-Keisling sold 16,253 shares of Spok’s common stock on March 13, 2025, at an average price of $16.0226 per share. The total value of the transaction amounted to approximately $260,415.

Following this sale, Woods-Keisling retains ownership of 20,000 shares of Spok Holdings’ common stock. The transaction did not involve any equity swaps or derivative securities. The stock, which offers a notable 7.98% dividend yield, currently trades near its InvestingPro Fair Value, with analysts setting a $20 price target. For deeper insights into insider trading patterns and comprehensive financial analysis, including 8 additional ProTips, explore the full Pro Research Report available on InvestingPro.

In other recent news, Spok Holdings Inc. reported its fourth-quarter 2024 earnings, revealing a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.18, falling short of the projected $0.20, and reported actual revenue of $33.89 million, below the expected $34.8 million. Over the entire year, Spok Holdings generated a total revenue of $137.7 million, slightly down from $139 million in 2023, with a notable increase in software revenue to $64.1 million driven by a 22% rise in professional services. Despite these results, B.Riley analysts upgraded Spok Holdings’ stock rating from Neutral to Buy, raising the price target from $15.00 to $20.00, citing confidence in the company’s financial stability and growth potential. The firm highlighted Spok’s strong performance in software operations bookings, which saw a 13.2% year-over-year increase to $34.1 million in fiscal year 2024. Spok Holdings also provided guidance for 2025, projecting total revenue between $134 million and $142 million, with software revenue expected to range from $65 million to $70 million. The company maintains a focus on software revenue growth and product innovation, with a strong emphasis on sustaining customer retention and contract success.

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