Chief Operating Officer Sanjeev Bahl sold 11,750 shares of Latham Group Inc (SWIM, Financial) on November 11, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 262,811 shares of the company.
Latham Group Inc specializes in manufacturing residential in-ground swimming pools in North America, Australia, and New Zealand. The company offers a broad portfolio of pools and related products, including in-ground swimming pools, pool liners, and pool covers.
Over the past year, Sanjeev Bahl has sold a total of 25,674 shares and has not purchased any shares. This recent transaction follows a trend observed in the company, where insider sells have outnumbered buys. In the past year, there have been 13 insider sells and only 2 insider buys.
Shares of Latham Group Inc were trading at $5.9 on the day of the sale, giving the company a market cap of $676.404 million. The price-earnings ratio stands at 64.29, which is above the industry median of 15.795.
The stock is currently considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 1.97. The GF Value of $2.99 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance and valuation alignment.
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.
