Chief Legal Officer Nicole Damato of InnovAge Holding Corp (INNV, Financial) executed a sale of 11,893 shares of the company on September 17, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 233,274 shares of the company.
InnovAge Holding Corp operates in the healthcare sector, providing comprehensive care programs for elderly individuals. The company aims to enhance the quality of life for its participants while maintaining their independence through its program of all-inclusive care for the elderly (PACE).
Over the past year, Nicole Damato has sold a total of 11,893 shares and has not purchased any shares. This recent transaction marks the only insider sell in the past year for InnovAge Holding Corp.
Shares of InnovAge Holding Corp were priced at $5.98 on the day of the transaction. The company currently holds a market cap of approximately $812.37 million.
Based on the GF Value of $6.50, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 0.92. The GF Value is calculated considering historical 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 past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to investors tracking insider behaviors and the valuation metrics of InnovAge Holding Corp.
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.
