Mastech Digital Announces New Employee Inducement Grant Under NYSE American Listed Company Guide Rule Sec. 711
Stock Options Awarded: Mastech Digital, Inc. announced the granting of non-qualified stock options to its new President and CEO, Nirav Patel, allowing him to purchase up to 702,358 shares of common stock, with a vesting schedule based on time and company market capitalization milestones.
Company Overview: Mastech Digital specializes in Digital Transformation Services, providing technology talent and solutions globally, with headquarters in Pittsburgh, PA, and delivery centers in North America and India.
Trade with 70% Backtested Accuracy
Analyst Views on MHH
About MHH
About the author
Executives of IBM and Mastech Digital Increase Stock Holdings
- IBM Executive Purchase: David N. Farr of International Business Machines made a $304,000 purchase of 1,000 shares at $304 each on Friday, currently seeing a 4.1% gain, indicating confidence in the company's future performance.
- Stock Price Increase: As of Monday, IBM's stock is up approximately 3.1% to $316.42, reflecting positive market expectations for its performance and validating Farr's investment decision.
- Mastech Digital Purchase: On the same day, Steven A. Shaw purchased 4,880 shares of Mastech Digital at $6.97 each for a total of $34,013, marking his sixth purchase in the past year, demonstrating ongoing confidence in the company's long-term growth potential.
- Historical Investment Cost: Prior to this transaction, Shaw had invested a total of $160,567 in Mastech Digital over the past 12 months at an average cost of $7.73 per share, underscoring his strong belief in the company's future development.
Mastech Digital, Inc. Q2 Profit Decreases, But Beats Estimates
Earnings Performance: Mastech Digital, Inc. reported a second-quarter profit of $0.14 million ($0.01 per share), down from $1.39 million ($0.12 per share) last year, but exceeded analysts' expectations of $0.12 per share.
Revenue Decline: The company's revenue decreased by 0.9% to $49.10 million compared to $49.53 million in the same quarter last year.
