The President of Liberty Tax Inc (NASDAQ: TAX) is Selling Shares

By George MacDonald

Today, the President of Liberty Tax Inc (NASDAQ: TAX), Michael Piper, sold shares of TAX for $106.6K.

In addition to Michael Piper, 9 other TAX executives reported Sell trades in the last month. This is Piper’s first Sell trade following 3 Buy transactions.

Based on Liberty Tax Inc`s latest earnings report from January 31, the company posted quarterly revenue of $50.43M and quarterly net profit of $4.74M. In comparison, last year the company earned revenue of $5.52M and had a GAAP net loss of $8.54M. The company has a one year high of $24.22 and a one year low of $9.95. TAX’s market cap is $164.9M and the company has a P/E ratio of 10.57.

Looking at blogger coverage of TAX, there is a 66% Bullish tendency on the stock, in relation to a 63% average bullish tendency within the Service sector.

In the last 30 days, insiders have sold $106.6K worth of TAX shares and purchased $5,451 worth of TAX shares. Over the last 3 months, the insider sentiment on Liberty Tax Inc has been positive based on 36 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Liberty Tax, Inc. operates as a holding company, which provides tax preparation services. It involves in providing retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The company was founded by John T. Hewitt in September 2010 and is headquartered in Virginia Beach, VA.