Insider Selling: Verb Technology (NASDAQ:TONX) CFO Sells $72,955.40 in Stock

Verb Technology Company, Inc. (NASDAQ:TONX) CFO Sarah Josephine Olsen sold 25,420 shares of Verb Technology stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $2.87, for a total transaction of $72,955.40. Following the completion of the transaction, the chief financial officer directly owned 1,285,070 shares of the company’s stock, valued at $3,688,150.90. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Verb Technology Trading Down 4.5%

Verb Technology stock opened at $2.74 on Friday. The company has a 50 day simple moving average of $3.25. Verb Technology Company, Inc. has a 1-year low of $1.75 and a 1-year high of $4.44.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TONX shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Verb Technology in a research report on Friday, October 2nd. Wall Street Zen raised Verb Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About Verb Technology

Verb Technology Company, Inc developed interactive, video-based sales and marketing software designed to help businesses engage customers and manage digital commerce activities. Its technology included sales-enablement and customer relationship management tools, as well as video presentation and livestreaming capabilities.

The company’s best-known platform was MARKET.live, a livestream social-shopping marketplace that connected brands, retailers, creators and consumers. The platform was designed to support product demonstrations, interactive broadcasts and purchases across digital and social-commerce channels.