Michael A. Bieber, the President and CEO of Willdan Group , Inc. (NASDAQ:WLDN), a company specializing in engineering services, has recently engaged in a series of transactions involving the company's common stock, according to the latest SEC filings.
On June 10, 2024, Bieber sold 3,333 shares of Willdan Group at an average price of $31.03, netting a total of $103,422. The sales occurred in multiple transactions with prices ranging from $31.00 to $31.12. In a separate transaction on the same day, Bieber acquired 4,514 shares of common stock at a price of $13.49 per share, amounting to a total of $60,893.
The transactions have resulted in Bieber holding a total of 164,361 shares of Willdan Group's common stock directly after the sales. It should be noted that his ownership includes restricted stock units and restricted stock that are subject to vesting conditions based on his continued service to the company.
Investors and followers of Willdan Group's financial dealings can request detailed information about the exact number of shares sold at each price point within the stated range by contacting the company.
Michael A. Bieber's activities are detailed in the Form 4 filed with the SEC, which documents changes in company ownership by directors, officers, or any beneficial owners holding more than ten percent of a class of the company's securities.
In other recent news, Willdan Group Inc. reported a robust first quarter in fiscal year 2024. The company's revenue surged by 19% to $123 million, while adjusted EBITDA increased by 12% to $11 million. Additionally, cash flow from operations saw a significant boost, rising by 56% to reach $27 million. The growth was driven by strong performance in the government and utility segments, and a surge in demand for services in the data center sector due to increased electricity load from AI processing. The company also expressed confidence in achieving its full-year financial targets and is actively exploring strategic acquisitions to enhance its capabilities. These recent developments follow the company's ongoing efforts to expand its offerings, focusing on waste to energy, electrical engineering, consulting, and analytical software. Despite not disclosing revenue numbers for two software sales made during the quarter, the company's strong organic growth and successful hiring efforts indicate a positive trajectory.
InvestingPro Insights
Amidst the recent transactions involving Willdan Group, Inc. (NASDAQ:WLDN) by President and CEO Michael A. Bieber, the company's financial health and market performance offer additional context for investors. According to InvestingPro data, Willdan Group is currently trading with a market capitalization of approximately $431.51 million and a P/E ratio of 32.51, which reflects a high earnings valuation compared to the industry average.
InvestingPro Tips highlight that Willdan Group's net income is expected to grow this year, a potential indicator of the company's future financial performance. Furthermore, the company's strong return over the last three months, with a 19.13% price total return, suggests a positive trend in investor sentiment. This is further bolstered by a significant six-month price total return of 55.39%. Analysts also predict the company will maintain profitability this year, an assertion supported by a robust 20.48% revenue growth over the last twelve months as of Q1 2024.
For investors seeking a deeper dive into Willdan Group's financials and market potential, there are additional InvestingPro Tips available at https://www.investing.com/pro/WLDN. These include insights on the company's debt levels, liquidity, and long-term performance. To gain full access to these valuable tips, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a comprehensive view on whether Willdan Group's stock aligns with your investment strategy.
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