GuruFocus - On June 10, 2024, Michael Dennison, CEO of Fox Factory Holding Corp (NASDAQ:FOXF), purchased 11,250 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 130,266 shares of the company.
Fox Factory Holding Corp specializes in the design, manufacture, and marketing of high-performance suspension products primarily for mountain bikes, off-road vehicles, and trucks.
Over the past year, Michael Dennison has engaged in multiple transactions involving the company's stock, purchasing a total of 11,250 shares and selling 9,129 shares. The recent acquisition by the insider reflects a continued interest in holding a significant stake in the company.
The insider transaction history for Fox Factory Holding Corp shows a trend with 1 insider buy and 5 insider sells over the past year.
Shares of Fox Factory Holding Corp were priced at $44.3 on the day of the transaction. The company has a market cap of $1.874 billion. The price-earnings ratio stands at 25.16, which is above the industry median of 15.87.
According to the GF Value, the intrinsic value of the stock is estimated at $96.75, making the current price-to-GF-Value ratio 0.46. This suggests that Fox Factory Holding Corp is significantly undervalued.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This recent insider purchase could signal a positive outlook from the CEO regarding the company's future performance and valuation.
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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