On October 4, 2024, Joseph Nachman, Chief Operating Officer of Yelp Inc (YELP, Financial), sold 7,000 shares of the company at a price of $34.02 per share. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 255,558 shares of Yelp Inc.
Yelp Inc operates a platform that connects people with local businesses. The platform provides reviews for various categories of businesses and allows businesses to advertise and reach potential customers.
Over the past year, Joseph Nachman has sold a total of 68,941 shares and has not made any purchases. The insider transaction history for Yelp Inc shows a total of 26 insider sells and no insider buys over the past year.
Shares of Yelp Inc were trading at $34.02 on the day of the transaction, giving the company a market cap of approximately $2.29 billion. The price-earnings ratio of the stock is 18.04, which is lower than the industry median of 21.285 and also below the company’s historical median.
According to the GF Value, Yelp Inc has a price-to-GF-Value ratio of 0.77, indicating that the stock is Modestly Undervalued. The GF Value is calculated based on historical multiples, a GuruFocus adjustment factor, and future business performance estimates.
This recent insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance and valuation adjustments.
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.
