The CFO of OptimizeRx Corporation (Other OTC: OPRX) is Selling Shares

By Carrie Williams

Today, the CFO of OptimizeRx Corporation (Other OTC: OPRX), Douglas Baker, sold shares of OPRX for $57.47K.

Following Douglas Baker’s last OPRX Sell transaction on May 15, 2017, the stock climbed by 7.9%. This is Baker’s first Sell trade following 5 Buy transactions.

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Based on OptimizeRx Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.1 million and quarterly net profit of $280.5K. In comparison, last year the company earned revenue of $2.87 million and had a GAAP net loss of $361.5K. Currently, OptimizeRx Corporation has an average volume of 199.3K. The Company has a Price to Book ratio of 8.8066.

In the last 30 days, insiders have sold $57.47K worth of OPRX shares and purchased $47.25K worth of OPRX shares. The insider sentiment on OptimizeRx Corporation has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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OptimizeRx Corp. engages in the provision of digital health messaging via electronic health records (EHR), which serves as a direct channel for pharmaceutical companies to communicate with healthcare providers. Its services include EHR workflow solutions such as financial messaging, patient education, and brand messaging; and brand support.