EverQuote , Inc. (NASDAQ:) director George R. Neble has recently sold a significant number of shares in the company. The transaction, which took place on March 14, 2024, involved the sale of 6,000 shares of Class A Common Stock at an average price of $18.55 per share, totaling approximately $111,300.
The sale was executed in multiple transactions with prices ranging from $18.52 to $18.57. Following this sale, Neble still retains 56,119 shares in EverQuote, indicating a continued investment in the company’s future.
EverQuote, based in Cambridge, Massachusetts, operates within the computer programming and data processing sector. The company has been a player in the technology space, providing an online marketplace for insurance shopping.
Investors often monitor insider transactions as they can provide insights into how executives and directors view the company’s stock value and future prospects. While the reasons behind Neble’s sale have not been disclosed, it is a routine financial activity that company insiders engage in for various personal financial planning reasons.
The transaction was publicly filed as required by the Securities and Exchange Commission’s rules, ensuring transparency in the dealings of corporate insiders. EverQuote has not issued any official statement regarding this recent stock sale by Director Neble.
InvestingPro Insights
Amidst the recent insider sale by EverQuote, Inc. (NASDAQ:EVER) director George R. Neble, investors may be seeking additional insights into the company’s financial health and market performance. Here are key metrics and tips from InvestingPro that could provide a deeper understanding of EverQuote’s current position:
InvestingPro Data shows that EverQuote has a market capitalization of $587.72 million, which is a valuable indicator of the company’s size and investment viability. Despite the company not being profitable over the last twelve months, with a negative P/E Ratio of -11.18 and an adjusted P/E Ratio for the same period standing at -18.87, EverQuote boasts an impressive gross profit margin of 92.2%, reflecting robust operational efficiency.
From a performance standpoint, EverQuote has experienced a large price uptick over the last six months, with a 169.59% return, which may interest investors looking for growth potential in their portfolio. Additionally, the company’s liquid assets exceed its short-term obligations, which suggests a strong liquidity position that could reassure investors about the company’s ability to meet its immediate financial commitments.
InvestingPro Tips highlight that EverQuote holds more cash than debt on its balance sheet, a sign of financial stability that might appeal to risk-averse investors. Moreover, analysts predict the company will be profitable this year, which could signal a turning point for those concerned about the company’s past profitability challenges.
For those interested in a comprehensive analysis, InvestingPro offers additional insights. There are currently 10 more InvestingPro Tips available for EverQuote at https://www.investing.com/pro/EVER. To access these valuable tips and deepen your market analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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