On September 20, 2024, Michael Lange, Senior Executive Vice President of MISTRAS Group Inc (MG, Financial), sold 24,706 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 278,003 shares of MISTRAS Group Inc.
MISTRAS Group Inc is a global provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial, and public infrastructure. The company's services and products ensure safe and compliant operations for assets that include oil and gas installations, power generation facilities, and bridges.
Over the past year, Michael Lange has sold a total of 67,512 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed at MISTRAS Group Inc, where there have been 5 insider sells and 4 insider buys over the past year.
On the day of the sale, shares of MISTRAS Group Inc were trading at $11.02, giving the company a market cap of approximately $349.425 million. According to the GF Value, the intrinsic value estimate for MISTRAS Group Inc is $7.14 per share, which suggests that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.54.
The GF Value is calculated based on 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 the company’s past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and evaluating the valuation metrics of MISTRAS Group 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.
