On May 22, 2024, Sam Eaton, the Chief Technology Officer of Yelp Inc (NYSE:YELP), executed a sale of 26,718 shares of the company's stock. The transaction was filed with the SEC on the same day. Following this transaction, insiders have sold a total of 103,125 shares in the past year, but haven't bought any.
Yelp Inc operates a platform that connects people with local businesses. The platform is widely used to review businesses and facilitate reservations and transactions of products or services in various areas such as restaurants, shopping, and entertainment.
On the day of the sale, Yelp Inc.'s stock traded at $36.62, valuing the company's market capitalization at approximately $2.48 billion. The company's price-to-earnings ratio was 23.38, slightly higher than the industry average of 22.15.
Yelp Inc is moderately undervalued with a GF Value of $44.87, according to GF Value, which estimates a stock's intrinsic value based on historical trading multiples, adjustment factors from past earnings and growth, and future earnings expectations. It is thought that. This suggests a price to GF value ratio of 0.82.
Looking at Yelp Inc.'s insider trading history, we find that while there were no insider purchases in the past year, there were 35 insider sales, indicating a trend of insiders choosing to sell stock.
This recent sale by an insider is consistent with a continuing trend of insider selling at Yelp Inc, and should be of interest to current and potential investors who monitor insider behavior as part of their investment decision-making process. There is a possibility that
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