NV5 Global, Inc. (NASDAQ:NVEE) Executive Vice President Donald C. Alford has sold a total of $344,873 worth of company stock, according to recent filings with the Securities and Exchange Commission. The transactions, which took place on two separate dates, saw Alford selling shares at prices ranging between $99.5323 and $100.1235.
On March 8, 2024, Alford sold 2,459 shares of NV5 Global's common stock at an average price of $99.5323, followed by a sale of 1,000 shares on March 13 at an average price of $100.1235. The sales were conducted indirectly through a family member's IRA, as indicated in the filings.
The recent transactions have adjusted Alford's holdings in the company, with the remaining shares owned by his wife's IRA and the Alford Family Trust. Post-transaction, the filings reported that Alford's wife's IRA held 2,541 shares of NV5 Global's common stock, while the Alford Family Trust held a significant 15,266 shares.
The SEC filing included a footnote stating that the prices reported are weighted average prices, and Alford has committed to providing full information regarding the number of shares sold at each separate price within the reported ranges upon request.
NV5 Global, Inc., headquartered in Hollywood, Florida, operates in the business services sector, providing professional and technical consulting services. The company's stock trades under the ticker symbol NVEE on the NASDAQ stock exchange.
Investors often monitor insider transactions as they can provide insights into executives' perspectives on the company's future performance. However, these transactions can occur for various reasons and may not necessarily reflect the executive's outlook on the company's valuation or prospects.
InvestingPro Insights
As NV5 Global, Inc. (NASDAQ:NVEE) sees executive-level stock transactions, investors seeking a deeper understanding of the company's financial health might consider recent data and insights from InvestingPro. With a market capitalization of $1.55 billion and a gross profit margin impressively standing at nearly 50%, NV5 Global showcases strong profitability in the professional and technical consulting sector. The company's ability to maintain such high margins is a testament to its operational efficiency and pricing power within its industry niche.
InvestingPro Tips suggest that NV5 Global is trading at a high earnings multiple, with a current P/E ratio of 32.74, which reflects investor confidence in the company's earnings capacity. However, this also indicates that the stock is priced with optimism regarding future growth. Moreover, analysts have revised their earnings expectations downwards for the upcoming period, which could be a point of consideration for potential investors. Despite these revisions, the company is expected to remain profitable this year, backed by its strong historical performance over the last twelve months.
InvestingPro Data also reveals that NV5 Global operates with a moderate level of debt, which implies that the company has maintained a balance between leveraging opportunities for growth and maintaining financial stability. Additionally, the company's liquid assets exceed its short-term obligations, indicating a solid position to cover immediate liabilities.
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