Spok holdings director Todd Stein sells $1.29 million in stock

Todd J. Stein, a director at Spok Holdings Inc. (NASDAQ:SPOK), has recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Stein disposed of shares totaling approximately $1.29 million. The sales occurred over two days, March 10 and March 11, 2025, with transaction prices ranging from $16.364 to $16.5755 per share. The stock, which currently trades near its Fair Value according to InvestingPro analysis, maintains a strong financial health score and offers a notable 7.66% dividend yield.

The transactions involved shares held indirectly through Braeside Capital, L.P. and Braeside Capital II, L.P., where Stein is a co-manager of Braeside Investments, LLC. Post-transaction, Stein’s indirect holdings in Spok Holdings now stand at 606,329 shares through Braeside Capital and 721,001 shares through Braeside Capital II.

These transactions reflect Stein’s ongoing management of his investment interests in Spok Holdings, which specializes in radio telephone communications.

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. Despite these results, analysts from B.Riley upgraded Spok Holdings’ stock rating from Neutral to Buy, raising the price target from $15.00 to $20.00. This upgrade was influenced by the company’s projected stable revenue growth and management’s guidance for fiscal year 2025’s adjusted EBITDA to reach $30 million.

For the full year 2024, Spok Holdings reported a total revenue of $137.7 million, slightly down from $139 million in 2023, with a notable increase in software revenue driven by a 22% rise in professional services. The company’s adjusted EBITDA for 2024 was $29.2 million, a slight decrease from $30.3 million in 2023. Looking ahead, Spok Holdings projects total revenue for 2025 to range between $134 million and $142 million, with software revenue expected to increase.

B.Riley’s analysts highlighted the importance of Spok Holdings’ recurring revenue streams from wireless and software maintenance sales, which account for about 80% of total revenue, contributing to the company’s financial stability. The firm’s confidence in Spok Holdings is further supported by the company’s strong software operations bookings, which saw a 13.2% year-over-year increase to $34.1 million in fiscal year 2024.

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