LiveWire Group, Inc. (NYSE:LVWR) Director Gruner Kjell has sold a total of 5,208 shares of the company's common stock, according to the latest filings with the U.S. Securities and Exchange Commission. The transactions, which took place on May 30, 2024, amounted to over $33,000, with the shares being sold at a weighted average price of $6.3902 each. The sale prices ranged from $6.35 to $6.41 per share.
Following these transactions, Director Kjell's remaining holdings in LiveWire Group stand at 18,969 shares of common stock. The company, known for its involvement in the motorcycles, bicycles, and parts sector, has its shares publicly traded under the ticker symbol LVWR.
Investors and the market often keep a close eye on insider transactions, as they can provide insights into an insider's view of the company's value. While the reasons behind an insider's decision to sell shares can vary, the disclosure of such information is a routine process, ensuring transparency in the financial markets.
The transactions were executed in multiple trades, and Gruner Kjell has committed to providing full details regarding the number of shares sold at each separate price upon request by the SEC, the issuer, or a security holder of the issuer. This level of detail is part of the regulatory requirements designed to maintain fair and orderly markets.
LiveWire Group, Inc., headquartered in Milwaukee, Wisconsin, has recently undergone a name change from LW EV Holdings, Inc. and continues to operate in the manufacturing sector under the industrial classification of motorcycles, bicycles, and parts. The company's business address remains at 3700 West Juneau Avenue, Milwaukee, WI, 53208.
For those interested in the company's latest insider transactions, the SEC filings are publicly available and provide a comprehensive account of such activities.
InvestingPro Insights
As LiveWire Group, Inc. (NYSE:LVWR) sees insider activity with Director Gruner Kjell's recent sale of shares, investors looking to understand the company's financial standing can turn to key metrics and insights from InvestingPro. With a market capitalization of $1.33 billion, LVWR's financial health and future prospects are of particular interest to current and potential shareholders.
InvestingPro data reveals that LiveWire Group is currently trading at a high Price / Book multiple of 7.24, suggesting that the market values the company's assets quite optimistically compared to its book value. This could be a point of consideration for investors wondering about the valuation after the insider sale. Additionally, the P/E Ratio stands at -11.88, indicating that the market may have concerns about the company's profitability in the near term.
Moreover, the company's revenue has decreased by 20.26% over the last twelve months as of Q1 2023, which may be a contributing factor to the recent decline in share price. Indeed, LiveWire Group's share price has taken a significant hit, falling by over 40% in the last six months. Such a decrease could potentially offer a more attractive entry point for investors, but it also signals caution.
InvestingPro Tips suggest that while LiveWire Group holds more cash than debt on its balance sheet, which is generally a positive sign of financial stability, the company suffers from weak gross profit margins and analysts do not anticipate it will be profitable this year. Additionally, the company does not pay a dividend, which might be a consideration for income-focused investors.
For those considering further analysis, there are additional InvestingPro Tips available for LVWR, providing deeper insights into the company's financial health and market performance. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and unlock the wealth of information that InvestingPro offers.
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