In a recent transaction, Lisa Graham Keegan, a director at Grand Canyon Education, Inc. (NASDAQ:LOPE), sold 270 shares of the company's stock at a price of $147.96 per share. The total value of the shares sold amounts to approximately $39,949.
The sale, which took place on May 13, 2024, was disclosed in a regulatory filing with the Securities and Exchange Commission. Following the transaction, Keegan's direct ownership in the company stands at 2,635 shares of common stock.
Grand Canyon Education, Inc., based in Phoenix, Arizona, is known for providing educational services. The sale by a member of the company's board is noteworthy as it reflects transactions by insiders that can provide insights into their view of the company's stock value and prospects.
Investors often monitor insider transactions as part of their research, considering them alongside other factors when making investment decisions. The recent sale by Keegan is an individual transaction and should be looked at in the context of the company's overall performance and market conditions.
Shares of Grand Canyon Education, Inc. are publicly traded on the NASDAQ Stock Market, where investors can follow the stock's performance under the ticker symbol LOPE.
InvestingPro Insights
As investors evaluate the insider sale at Grand Canyon Education, Inc. (NASDAQ:LOPE), it's valuable to consider the company's financial health and market performance. According to InvestingPro data, Grand Canyon Education boasts a sturdy market capitalization of $4.24 billion and has shown a solid revenue growth of 7.43% over the last twelve months as of Q1 2024. This growth is further exemplified by a quarterly revenue increase of 9.82% in Q1 2024, pointing to the company's continuing business expansion.
With a Price/Earnings (P/E) ratio of 20.15 and a slight adjustment to 19.86 when looking at the last twelve months as of Q1 2024, the company's earnings valuation appears reasonable in the current market context. The Price to Book (P/B) ratio stands at 5.58, which might suggest that the stock is trading at a premium compared to its book value. This could be an important consideration for value-focused investors.
Delving into InvestingPro Tips, we find that Grand Canyon Education holds more cash than debt on its balance sheet, which is a strong indicator of financial stability. Furthermore, the company has been flagged for its low price volatility, which might appeal to investors seeking a less turbulent stock. For those looking to dive deeper into the company's prospects, there are additional tips available on InvestingPro, including insights on earnings revisions by analysts and the stock's liquidity position. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription and gain access to these valuable tips.
Overall, while the insider transaction by Lisa Graham Keegan provides one piece of the puzzle, Grand Canyon Education's financial metrics and the available InvestingPro Tips offer a broader picture of the company's standing, which can be instrumental in making an informed investment decision.
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