Yelp Inc COO Joseph Nachman Sells 6,000 Shares
Joseph Nachman, Chief Operating Officer of Yelp Inc (NYSE:YELP), executed a sale of 6,000 shares in the company on January 26, 2024, according to a recent SEC Filing. Yelp Inc is a company that connects people with great local businesses by bringing 'word of mouth' online and providing a platform for businesses and consumers to engage and transact.
The insider's transaction history indicates that over the past year, Joseph Nachman has sold a total of 60,000 shares and has not made any purchases. The broader insider transaction history for Yelp Inc shows a pattern of 34 insider sells and no insider buys over the past year.
On the date of the insider's recent transaction, shares of Yelp Inc were trading at $44.75, resulting in a market cap of $3.095 billion. The price-earnings ratio of the stock stood at 35.87, which is above the industry median of 21.37 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 0.99, with a share price of $44.75 and a GuruFocus Value of $45.13, indicating that Yelp Inc was Fairly Valued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
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.
