On March 7, 2024, Executive Vice President Robert Glass executed a sale of 7,500 shares of Robert Half Inc (NYSE:RHI). The transaction was filed with the SEC and can be found in the following SEC Filing.
Robert Half Inc is a specialized staffing firm that provides skilled professionals in the fields of accounting and finance, technology, legal, creative, marketing, and administration. The company offers temporary and permanent placement services, as well as risk consulting and internal audit services to its clients.
Over the past year, the insider has sold a total of 37,616 shares and has not made any purchases of the company's stock. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and five insider sells for Robert Half Inc.
On the date of the insider's recent sale, shares of Robert Half Inc were trading at $80.46, resulting in a market capitalization of $8.557 billion. The price-earnings ratio of the company stood at 21.02, which is above the industry median of 17.705 and also above the historical median price-earnings ratio for the company.
The stock's price of $80.46 compared to the GuruFocus Value of $78.07 indicates a price-to-GF-Value ratio of 1.03, suggesting that Robert Half Inc is Fairly Valued based on its GF Value. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent sale may provide investors with insight into the insider's perspective on the stock's valuation and future prospects.
Investors often monitor insider transactions as they can provide valuable signals about the direction of the stock and the insider's belief in the company's future performance. However, it is important to consider a wide range of factors when evaluating the potential investment in any stock.
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.
