On November 14, 2024, Director Corey Booker sold 10,707 shares of Mammoth Energy Services Inc (TUSK, Financial) as reported in a recent SEC Filing. Following this transaction, the insider now owns 162,197 shares of the company.
Mammoth Energy Services Inc is an integrated, growth-oriented company serving both the electric utility and oil and gas industries. The company provides a broad range of services including infrastructure engineering and construction, well completion services, natural sand proppant services, and other general oilfield services.
Over the past year, Corey Booker has engaged in multiple transactions involving the company's stock, selling a total of 14,390 shares and purchasing none. This recent sale continues a trend observed in the company's insider activity, where there have been more sales than purchases among insiders. Specifically, there have been 4 insider sells and 2 insider buys over the past year.
Shares of Mammoth Energy Services Inc were priced at $3.62 on the day of the sale. The company has a market cap of $153.045 million. According to the GF Value, the intrinsic value estimate for the stock is $2.22, which suggests that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.63.
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 sale by Director Corey Booker provides an insight into the recent insider trading activities at Mammoth Energy Services Inc, reflecting a pattern where sales outnumber purchases among the company's insiders.
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.
