Scott Leff, Senior Vice President and Chief Human Resources Officer at Dorman Products , Inc. (NASDAQ:DORM), recently reported a significant stock transaction. On November 5, Leff sold 5,536 shares of common stock at prices ranging from $132.09 to $132.90, amounting to a total value of $734,405.
In a connected move, Leff also exercised stock options to acquire 5,536 shares of Dorman Products at a price of $61.68 per share. This transaction, valued at $341,460, reflects the exercise of employee stock options that were vested in four equal annual installments beginning March 2021.
Following these transactions, Leff's direct ownership in Dorman Products stands at 13,336.2428 shares.
InvestingPro Insights
The recent stock transactions by Scott Leff, Senior Vice President and Chief Human Resources Officer at Dorman Products, Inc. (NASDAQ:DORM), come at a time when the company's stock is showing strong performance. According to InvestingPro data, Dorman Products has seen impressive returns, with a 101.4% price total return over the past year and a 48.26% return in the last six months.
These robust returns align with an InvestingPro Tip indicating that Dorman Products has experienced a "significant return over the last week" and a "strong return over the last month." This positive momentum may have influenced the timing of Leff's decision to exercise options and sell shares.
Another relevant InvestingPro Tip suggests that Dorman Products is "trading at a low P/E ratio relative to near-term earnings growth." This is supported by the company's PEG ratio of 0.24 for the last twelve months as of Q3 2024, indicating that the stock may be undervalued relative to its earnings growth potential. This metric could be of particular interest to investors analyzing the company's valuation in light of the insider transaction.
It's worth noting that InvestingPro offers 12 additional tips for Dorman Products, providing a more comprehensive analysis for investors seeking deeper insights into the company's financial health and market position.
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