On September 12, 2024, Scott Flanders, a Director at Fathom Holdings Inc (FTHM, Financial), purchased 100,000 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's total holdings to 824,688 shares.
Fathom Holdings Inc operates as a cloud-based, technology-driven real estate brokerage firm in the United States. It provides real estate brokerage services primarily through its subsidiary, Fathom Realty, LLC.
The shares were acquired at a price of $2.85 per share, valuing the transaction at $285,000. Following this purchase, the total number of shares owned by the insider in Fathom Holdings Inc stands at 824,688.
Over the past year, the insider has bought a total of 635,110 shares of Fathom Holdings Inc and has not sold any shares. The company has seen more insider buying than selling, with 13 insider buys and 2 insider sells over the last year.
On the day of the transaction, Fathom Holdings Inc had a market cap of $62.182 million. The stock's price of $2.85 and a GF Value of $3.90 suggest that the stock is modestly undervalued, with a price-to-GF-Value ratio of 0.73.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider purchase could be a signal to investors about the potential undervaluation of Fathom Holdings Inc based on internal assessments of the company's future prospects and current market conditions.
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