In a recent transaction, Matthew Conlin, the Chief Customer Officer of Fluent, Inc. (NASDAQ:FLNT), has increased his stake in the company. As per the latest filings, Conlin executed a purchase of 25,000 shares at a weighted average price of $0.5486, totaling over $13,715.
The transaction, which took place on March 14, 2023, was part of a series of purchases made at varying prices ranging from $0.5370 to $0.5500. This acquisition reflects a continued commitment by Conlin to the company, further aligning his interests with those of Fluent's shareholders.
In addition to the recent purchase, the filing also revealed that on December 29, 2023, there were acquisitions and dispositions of shares that resulted in no change to the overall value of the holdings, as the shares were transacted at a price of $0.0.
Conlin's holdings in Fluent, Inc. are partly held directly and partly through various entities. The shares acquired most recently are held by the Conlin Family Foundation Trust, where Conlin serves as Co-Trustee, sharing the right to vote and dispose of the securities. The report also indicated that he has indirect ownership of shares held by RSMC Partners, LLC, and he disclaims ownership of the securities held by the 2017 Conlin Shakira Family Trust.
Investors often monitor insider buying and selling as it can provide insights into an executive's perspective on the company's current valuation and future prospects. With this recent purchase, Conlin's actions may be seen as a positive signal to the market.
Fluent, Inc. has not released any statements regarding these transactions, and the filing solely represents the required disclosure of the executive's transactions in the company's stock.
InvestingPro Insights
Fluent, Inc. (NASDAQ:FLNT) has been experiencing significant fluctuations in its stock price, as reflected in recent market data. Insider activity, such as the purchase by Chief Customer Officer Matthew Conlin, often garners attention as it may indicate confidence in the company's future. Here are some key metrics and tips from InvestingPro that provide further context to Conlin's recent investment and the company's financial standing:
According to InvestingPro, Fluent, Inc.'s market capitalization currently stands at $41.49 million. The company's stock has indeed taken a big hit over the past week, with a 1-week price total return of -14.3%. Despite this volatility, the company's valuation implies a strong free cash flow yield, which could be a sign of potential for investors who are focused on cash flow generation.
InvestingPro Tips also highlight that Fluent is trading at a low revenue valuation multiple, which might appeal to value investors seeking underpriced stocks based on revenue. However, it's worth noting that the company has not been profitable over the last twelve months, and analysts do not anticipate it will be profitable this year. The price of Fluent's stock has fallen significantly over the last year, with a 1-year price total return of -57.5%, and the company does not pay a dividend to shareholders, which may be a consideration for income-focused investors.
For those looking to dive deeper into Fluent, Inc.'s financials and future prospects, InvestingPro offers additional insights. There are currently 8 more InvestingPro Tips available, which can provide a more comprehensive understanding of the company's performance and outlook. Interested readers can access these tips by visiting https://www.investing.com/pro/FLNT. Moreover, users can take advantage of an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing their investment research with valuable insights.
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