GetBusy Plc ( (GB:GETB) ) has shared an update.
GetBusy plc announced that its non-executive chairman, Miles Jakeman, has purchased 50,000 ordinary shares at an average price of 47.25 pence per share, increasing his beneficial interest to 339,610 shares, which represents 0.67% of the company’s total voting rights. This transaction may indicate confidence in the company’s future prospects and could positively influence stakeholder perception, potentially impacting the company’s market position.
Spark’s Take on GB:GETB Stock
According to Spark, TipRanks’ AI Analyst, GB:GETB is a Neutral.
GetBusy Plc’s stock score is influenced by its solid revenue growth and improving profitability, tempered by financial instability and bearish technical indicators. Valuation is reasonable, but the lack of a dividend yield is a limitation. Recent positive corporate events suggest potential for future growth, but caution is advised due to current market momentum.
To see Spark’s full report on GB:GETB stock, click here.
More about GetBusy Plc
GetBusy plc is a fast-growing SaaS company that provides specialist productivity software solutions designed to help businesses operate securely and efficiently. Their offerings are versatile, supporting cloud, mobile, hosted, and on-premise platforms, and integrate with various core business systems. With nearly 70,000 paying users and over 3 million collaborators, GetBusy is known for its sustained double-digit growth in recurring subscription revenue.
Average Trading Volume: 37,482
Technical Sentiment Signal: Sell
Current Market Cap: £24.84M
Find detailed analytics on GETB stock on TipRanks’ Stock Analysis page.