Jonathan Allison, the Chief Administrative Officer of Root Inc (ROOT, Financial), executed a sale of 5,500 shares of the company on November 7, 2024, according to a recent SEC Filing. The transaction occurred at a price of $78.7 per share, resulting in a total amount of $432,850. Following this transaction, the insider now owns 64,585 shares of the company.
Root Inc, listed under the symbol ROOT, operates in the technology sector, providing insurance solutions through a combination of data science, technology, and modern consumer interfaces. The company focuses on using analytics and a customer-centric approach to offer personalized insurance rates and simplify the insurance process.
Over the past year, Jonathan Allison has sold a total of 29,500 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 7 insider sells and no insider buys over the last year.
Shares of Root Inc were trading at $78.7 on the day of the sale, giving the company a market cap of approximately $1.237 billion. The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 2, based on a GF Value of $39.40.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to current and potential investors as they evaluate their positions in Root Inc, considering the company's valuation and recent insider trading trends.
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.
