James H. Roth, a director at Huron Consulting Group Inc. (NASDAQ:HURN), has sold 6,804 shares of the company's common stock, according to a recent filing with the Securities and Exchange Commission. The transaction, which occurred on March 25, resulted in proceeds exceeding $646,000 for Roth.
The shares were sold at a weighted average price of $95.00, with individual transactions ranging from $94.47 to $95.32. The sale was conducted automatically under a Rule 10b5-1 trading plan, which Roth had previously adopted on May 18, 2023. This type of plan allows company insiders to set up a predetermined schedule for buying or selling stocks at a time when they are not in possession of material non-public information.
Following the transaction, Roth's direct holdings in Huron Consulting Group stand at 62,825 shares. Additionally, he is indirectly associated with 3,855 shares held by a Family LLC. The total value of his direct and indirect holdings reflects his ongoing stake in the company's performance and future.
Investors often monitor insider transactions as they provide insights into executives' perspectives on the company's valuation and prospects. Roth's transaction, executed through a structured trading plan, suggests a systematic approach to portfolio management rather than a reflection of his immediate view of the company's value.
Huron Consulting Group Inc. specializes in management consulting services and is headquartered in Chicago, Illinois. The company's stock is publicly traded, with a wide array of investors including individuals, institutions, and insiders like Roth.
InvestingPro Insights
Huron Consulting Group Inc. (NASDAQ:HURN) has been showcasing a mix of financial metrics and insider activity that could be of interest to investors. As per the latest InvestingPro data, the company has a market capitalization of approximately $1.65 billion, with a P/E ratio of 29. However, when adjusted for the last twelve months as of Q4 2023, the P/E ratio stands at a more modest 18.04. This could indicate that the company's earnings are stronger when looking at the most recent full-year period.
The company has also demonstrated a robust revenue growth of 20.27% over the last twelve months as of Q4 2023, alongside a healthy gross profit margin of 30.79%. These figures suggest that Huron Consulting Group has been effectively managing its operations and cost structure to enhance profitability.
InvestingPro Tips highlight that management at Huron Consulting Group has been actively buying back shares, which can often be a sign of confidence in the company's future prospects. Additionally, analysts predict the company will be profitable this year, a sentiment supported by the fact that the company was profitable over the last twelve months. It's worth noting, however, that two analysts have revised their earnings downwards for the upcoming period, which investors may want to consider when evaluating the stock.
For those interested in further analysis and tips, InvestingPro offers more insights on Huron Consulting Group Inc., which can be found at InvestingPro. There are a total of 6 additional InvestingPro Tips available, providing a deeper dive into the company's financial health and projections. For those looking to access these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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