GuruFocus - On August 15, 2024, Neal Lux, President & CEO of Forum Energy Technologies Inc (NYSE:FET), purchased 13,500 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 154,890 shares of Forum Energy Technologies Inc.
Forum Energy Technologies Inc, a company involved in the manufacturing of products for the oil and natural gas industry, has seen a mix of insider trading activities over the past year, with 1 insider buy and 3 insider sells.
Shares of Forum Energy Technologies Inc were priced at $15.82 on the day of the transaction. The company's market cap stands at $200.391 million.
According to the GF Value, the intrinsic value of the stock is estimated at $17.71, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.89. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for expected business performance.
The insider's recent purchase aligns with the company's current valuation metrics and market performance, reflecting a continued investment in the company's future. This transaction provides a key insight into the insider's perspective on the stock's value.
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.
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