$RPAY.US ranked negative on July 7th, 2023

Smart Insider $RPAY.US ranked negative on July 7th, 2023

$RPAY.US ranked negative on July 7th, 2023

Repay Holdings Corp (RPAY, -N,  July 7th)

Shaler Alias (President since 2008, Co-founded company in 2006) sold 1.95 million shares from 15th June – 6th July at an average price US$ 7.70, raising $14.8 million and reducing his overall holding by over 50%. Whilst he is selling via a trading plan adopted in March 2023, these are unusually large size sales post material weakness.

He previously sold shares in July and September 2020 at $24, which was near the stock’s all-time high. Alias is selling post conversion of units, which he received as a result of the SPAC merger with Hawk Parent Holdings LLC in 2019.

These sales also a reversal from his purchase in November 2022 at $6.87. We rarely negatively rank a stock based on sales under trading plans, but these are concerning large sales into weakness by a Co-Founder. There has been no announcement he’s leaving.

We are ranking stock -N.

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