RTB Digital director Jason Dorsett buys $196,840 in company stock
RTB Digital's director and largest shareholder, Jason Dorsett, recently increased his stake in the company by purchasing 19,000 shares. This transaction amounted to a total of $196,840, as the shares were bought at a price of $10.36 each. Following the acquisition, Mr. Dorsett now directly owns 4,193,028 shares of RTB Digital common stock.
The insider purchase comes amid a decline in the company's stock price, which is currently trading at $7.75, roughly 25% lower than the $10.36 price at which Dorsett purchased the shares. Despite this, RTB Digital's stock has seen a significant surge of 46% over the past six months. According to InvestingPro analysis, the stock is currently overvalued relative to its fair value and holds a "WEAK" financial health score.
Investors with an InvestingPro subscription have access to additional exclusive insights about RTB Digital, along with comprehensive Pro Research Reports on this and 1,400+ other US equities.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
