On September 30, 2024, Arnold Goldstein, Chief Commercial Officer of Radiant Logistics Inc (RLGT, Financial), sold 10,584 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 12,277 shares of the company.
Radiant Logistics Inc (RLGT, Financial) operates as a third-party logistics and multi-modal transportation services company. The company provides domestic and international freight forwarding services, and manages transportation of goods both domestically and internationally.
Over the past year, Arnold Goldstein has sold a total of 22,988 shares of Radiant Logistics Inc and has not purchased any shares. This recent transaction is part of a broader trend observed over the past year, where there have been no insider buys and two insider sells within the company.
Shares of Radiant Logistics Inc were trading at $6.41 on the day of the transaction. The company has a market cap of $297.475 million. The price-earnings ratio of the company stands at 42.47, significantly higher than the industry median of 14.44 and the company’s historical median.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.34, based on a GF Value of $4.79. 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 sale might interest investors as they evaluate the stock’s current valuation and consider the insider's ongoing ownership stake in the context of the company's stock performance and market valuation.
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.
