Director Ian Bickley Sells 3,215 Shares of Crocs Inc (CROX)
On February 23, 2024, Ian Bickley, a director at Crocs Inc (NASDAQ:CROX), sold 3,215 shares of the company's stock, according to a recent SEC Filing. The transaction was executed with the shares priced at $118.57 each, resulting in a total sale amount of $381,172.55.
Crocs Inc is known for its innovative casual footwear for men, women, and children. The company offers a broad portfolio of all-season products while remaining true to its core molded footwear heritage. Crocs operates through a number of channels, including retail stores, online platforms, and wholesale distribution.
Over the past year, the insider has sold a total of 20,000 shares of Crocs Inc and has not made any purchases of the stock.
The insider transaction history for Crocs Inc shows a pattern of insider activity. In the past year, there have been 7 insider buys and 11 insider sells. This trend is visualized in the following insider trend image:
As of the date of the insider's recent transaction, Crocs Inc had a market capitalization of $7.157 billion, with shares trading at $118.57.
The company's price-earnings ratio stands at 9.24, which is below the industry median of 20.37 and also below the company's historical median price-earnings ratio. This valuation metric suggests a lower valuation relative to its peers and its own historical valuation.
According to the GF Value, with a price of $118.57 and a GuruFocus Value of $129.92, Crocs Inc has a price-to-GF-Value ratio of 0.91, indicating that the stock is Fairly Valued. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts. The GF Value image below provides a visual representation of this valuation:
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
