Insider Sell: President & COO Brenton Turner Sells 80,000 Shares of Rover Group Inc (ROVR)
Brenton Turner, President & COO of Rover Group Inc (NASDAQ:ROVR), executed a sale of 80,000 shares in the company on January 4, 2024, according to a recent SEC filing. The transaction was carried out at an average price of $10.88 per share, resulting in a total value of $870,400.
Rover Group Inc operates within the technology sector, focusing on providing a platform for pet care services. The company connects pet owners with service providers for dog walking, pet sitting, and other related services, leveraging technology to streamline the process of finding and booking pet care.
Over the past year, the insider has sold a total of 460,000 shares of Rover Group Inc and has not made any purchases of the stock. The recent transaction on January 4 is part of this selling trend.
The insider transaction history for Rover Group Inc shows a pattern of sales by insiders over the past year, with 24 insider sells and no insider buys recorded during this period.
On the day of the insider's recent sale, shares of Rover Group Inc were trading at $10.88, giving the company a market capitalization of $1.965 billion. The price-earnings ratio of the stock stands at 222.24, significantly above both the industry median of 20.7 and the company's historical median price-earnings ratio.
The data provided reflects the transactions and valuation metrics of Rover Group Inc as of the date of the insider's recent sale. Investors often monitor insider buying and selling trends as an indicator of management's perspective on the current valuation and future prospects of the company.
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