On November 18, 2024, Charlie Bass, Director and 10% Owner of Socket Mobile Inc (SCKT, Financial), purchased 10,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 1,551,651 shares of Socket Mobile Inc.
Socket Mobile Inc is a company that specializes in data capture products for retail, healthcare, and other industries, enhancing productivity through mobile applications and devices.
Over the past year, Charlie Bass has been actively buying shares, with a total of 255,000 shares purchased and no shares sold. This recent acquisition aligns with a broader trend of insider buying at the company, which has seen 27 insider buys and 5 insider sells over the past year.
Shares of Socket Mobile Inc were trading at $1.33 on the day of the transaction. The company has a market cap of $10.458 million. According to GF Value, the stock is currently Fairly Valued, with a price-to-GF-Value ratio of 0.92.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider activity may provide valuable insight for potential investors, reflecting confidence from a significant shareholder and company director in the future prospects of Socket Mobile Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
