On May 29, 2024, Thomas Pike, CEO of Fortrea Holdings Inc (FTRE, Financial), purchased 10,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 57,827 shares of Fortrea Holdings Inc.
Fortrea Holdings Inc operates in the technology sector, providing a range of software and services that cater to the needs of various industries. The company's commitment to innovation and quality has positioned it as a key player in its field.
Over the past year, Thomas Pike has increased his holdings in the company by purchasing a total of 30,000 shares. There have been no sales recorded by the insider during this period. The overall insider transaction history for Fortrea Holdings Inc shows a trend of more buying activities, with 3 insider buys and 0 insider sells over the last year.
Shares of Fortrea Holdings Inc were priced at $24.81 on the day of the insider's recent purchase. The company's market cap is currently $2.16 billion. Investors may also consider looking at other valuation metrics such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow to gain a better understanding of the stock's valuation.
For further insights into the stock's valuation, investors can refer to the GF Value of Fortrea Holdings Inc.
This insider buying activity could be a signal to investors about the insider’s confidence in the future prospects of Fortrea Holdings Inc.
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.
