Yahoo Finance Insider Selling: CFO Ajay Sabherwal Sells Shares of FTI Consulting Inc (FCN)
On May 20, 2024, Ajay Sabherwal, Chief Financial Officer of FTI Consulting Inc (NYSE:FCN), executed a sale of 2,804 shares of the company. The transaction was filed on the same day with the SEC. The shares were sold at a price of $226.13 each, totaling approximately $634,073.32.
FTI Consulting Inc (NYSE:FCN) is a global business advisory firm that provides multidisciplinary solutions including corporate finance and restructuring, economic consulting, forensic and litigation consulting, technology, and strategic communications. The company assists clients in addressing complex business challenges and opportunities.
Over the past year, the insider has sold a total of 5,804 shares and has not made any purchases. This recent transaction follows a pattern of 24 insider sells over the past year, compared to only 1 insider buy, indicating a trend of insider sales at FTI Consulting Inc.
Shares of FTI Consulting Inc were trading at $226.13 on the day of the sale, giving the company a market cap of approximately $7.97 billion. The price-earnings ratio of the company stands at 25.95, which is above both the industry median of 17.885 and the company's historical median.
According to the GF Value, the intrinsic value estimate for FTI Consulting Inc is $209.95 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.08. The GF Value is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
