CRA International, Inc. (NASDAQ:CRAI) EVP and General Counsel Jonathan D. Yellin has recently sold shares of the company's stock, according to a new SEC filing. The transactions, which took place on May 15, 2024, involved the sale of a total of 1,250 shares at prices ranging from $167.31 to $167.72, resulting in a total value of over $210,000.
The sales were executed under a prearranged 10b5-1 trading plan, a tool that allows insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. This plan had been adopted by Yellin on November 28, 2023.
The weighted average price for these transactions was reported to be $167.3472 for 193 shares and $168.31 for 1,057 shares. Following the sales, Yellin still owns 21,611 shares of CRA International stock, indicating continued investment in the company's future.
Investors and stakeholders often monitor insider transactions as they can provide insights into an executive's perspective on the company's valuation and outlook. However, such sales and purchases can also be part of personal financial planning strategies and do not always signal a change in company fundamentals.
CRA International, with its headquarters in Boston, Massachusetts, specializes in legal services and consulting, offering expertise across various industries. The company has recently been trading under the ticker symbol CRAI on the NASDAQ stock exchange.
InvestingPro Insights
In light of the recent insider transactions at CRA International, Inc. (NASDAQ:CRAI), it's worth considering the company's financial metrics and market performance to gain a broader perspective. CRA International has been demonstrating robust financial health with a Market Cap of approximately $1.18 billion USD and a steady Revenue Growth over the last twelve months as of Q1 2024, at 7.99%. This growth is further underscored by a significant 1 Month Price Total Return of 20.98%, reflecting investor confidence in the company's performance.
Moreover, one of the InvestingPro Tips highlights that CRA International has raised its dividend for 8 consecutive years, which could be a sign of the company's commitment to delivering shareholder value. This is complemented by another tip pointing out that the company has had a high return over the last year, with a 1 Year Price Total Return of 76.97%, indicating strong market performance.
For investors seeking more comprehensive analysis, there are additional InvestingPro Tips available on the company, which can be accessed through the dedicated InvestingPro page for CRA International. With the use of the promo code PRONEWS24, investors can get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights that could guide investment decisions. In total, there are 14 additional tips listed in InvestingPro for CRA International, ranging from stock valuation metrics to predictions about the company's profitability.
While insider sales can be interpreted in various ways, the financial data and market performance of CRA International suggest a company that is currently enjoying a positive trajectory. Whether this trend will continue is a matter for individual investor judgment, bolstered by the insights provided by InvestingPro.
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