On November 6, 2024, Nicole Damato, Chief Legal Officer of InnovAge Holding Corp (INNV, Financial), sold 1,660 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 231,614 shares of InnovAge Holding Corp.
InnovAge Holding Corp operates in the healthcare sector, providing comprehensive healthcare services with a focus on the Program of All-Inclusive Care for the Elderly (PACE). The company aims to enhance the life quality of seniors by integrating wellness, primary care, and acute care services.
Over the past year, Nicole Damato has sold a total of 13,553 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within the company, where there have been 2 insider sells and no insider buys over the past year.
Shares of InnovAge Holding Corp were trading at $6.54 on the day of the sale, giving the company a market cap of approximately $812.73 million. According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 0.99.
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 past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation. The consistent insider selling could be a point of analysis for potential investors.
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.
