President Michael Sturmer sold 9,030 shares of Progyny Inc (PGNY, Financial) on July 16, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 362,583 shares of the company.
Progyny Inc, a company specializing in fertility and family building benefits solutions, has seen a significant amount of insider selling over the past year, with 26 insider sells and no insider buys. The insider, Michael Sturmer, has sold a total of 47,686 shares over the past year without purchasing any shares.
On the date of the recent sale, shares of Progyny Inc were trading at $30, giving the company a market cap of approximately $2.686 billion. The price-earnings ratio of the company stands at 46.25, which is above the industry median of 24.13.
The current stock price compared to the GF Value of $57.49 indicates that Progyny Inc is significantly undervalued, with a price-to-GF-Value ratio of 0.52. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider selling trend and valuation metrics provide a snapshot of Progyny Inc's current financial landscape and insider sentiment.
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.
