In a recent transaction on May 14, George R. Neble, a director at EverQuote , Inc. (NASDAQ:EVER), sold 4,000 shares of the company's Class A Common Stock at a price of $23.56 per share, totaling $94,240. This sale was disclosed in a regulatory filing with the Securities and Exchange Commission.
EverQuote, headquartered in Cambridge, Massachusetts, operates within the computer programming and data processing sector. The company is incorporated in Delaware and has established itself as a key player in the online insurance marketplace.
The transaction has adjusted Neble's holdings in EverQuote, leaving him with 52,119 shares following the sale. The details of the transaction were made public through the SEC filing, which was signed by Jon Ayotte, as attorney-in-fact for George Neble, on May 15.
Investors often monitor insider transactions as they can provide insights into how the company's executives and directors view the stock's value and future prospects. However, these transactions can occur for a variety of reasons and may not always indicate the executive's outlook on the company's performance.
EverQuote has not made any official statements regarding the transaction, and it remains a routine disclosure as required by SEC regulations. The sale took place in the ordinary course of business and was reported in compliance with federal securities laws.
InvestingPro Insights
Amidst the insider transaction at EverQuote, Inc. (NASDAQ:EVER), where director George R. Neble sold shares, the company's financial health and performance metrics offer additional context for investors. According to InvestingPro data, EverQuote holds a market capitalization of approximately $820.21 million. Despite a challenging period with a revenue decline of 33.01% in the last twelve months as of Q1 2024, EverQuote boasts an impressive gross profit margin of 91.95% in the same timeframe.
InvestingPro Tips suggest that EverQuote has more liquid assets than short-term obligations and analysts are optimistic about the company's sales growth in the current year. This could provide some assurance to investors about the company's ability to manage its finances in the short term and its potential for revenue expansion. Moreover, the company has experienced a significant price uptick, with a 172.29% return over the last six months, indicating a strong market performance recently.
For investors looking to delve deeper into EverQuote's potential and gain access to additional insights, InvestingPro offers a comprehensive suite of tools and analytics. There are 12 more InvestingPro Tips available for EverQuote, which can be explored by visiting: https://www.investing.com/pro/EVER. To enrich your investing strategy, use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
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