PSMT - President and COO Of Pricesmart Sold $491K In Stock | Benzinga
Revealing a significant insider sell on May 1, JOHN HILDEBRANDT, President and COO at Pricesmart (NASDAQ:PSMT), as per the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that HILDEBRANDT sold 6,000 shares of Pricesmart. The total transaction amounted to $491,520.
As of Wednesday morning, Pricesmart shares are up by 0.96%, currently priced at $81.36.
Get to Know Pricesmart Better
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
Pricesmart: A Financial Overview
Positive Revenue Trend: Examining Pricesmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.11% as of 29 February, 2024, showcasing a substantial ...