Chief Technology Officer Vivek Sagi of Eventbrite Inc (EB, Financial) executed a sale of 104,587 shares of the company on November 12, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 412,994 shares of the company.
Eventbrite Inc operates a global self-service ticketing platform that allows users to plan, promote, and produce live events. The platform provides tools and resources to help creators manage and promote their events, from music festivals and marathons to conferences and community gatherings.
Over the past year, Vivek Sagi has sold a total of 179,587 shares and has not purchased any shares. This recent transaction is part of a broader trend seen within Eventbrite Inc, where there have been no insider buys but seven insider sells over the past year.
Shares of Eventbrite Inc were trading at $3.64 on the day of the transaction, giving the company a market cap of $364.272 million. The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjustments for past performance, and future business expectations.
According to the GF Value, the intrinsic value of Eventbrite Inc's stock is estimated at $9.67 per share, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.38. This valuation indicates that the stock might be a possible value trap, and potential investors should think twice before investing.
This insider selling activity and the current valuation metrics provide important data points for investors monitoring Eventbrite Inc's stock performance and insider behaviors.
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.
