On November 14, 2024, Edwin Miller, CEO of Marchex Inc (MCHX, Financial), purchased 105,571 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 330,974 shares of Marchex Inc.
Marchex Inc is a leading conversational analytics company that provides solutions for businesses to analyze their voice communications. The company's technology helps in understanding the voice interactions of customers to optimize customer support and sales effectiveness.
Over the past year, the insider has increased their holdings significantly, purchasing a total of 330,974 shares and selling none. This trend is consistent with the overall insider activity at Marchex Inc, which has seen 6 insider buys and no sells over the same period.
Shares of Marchex Inc were trading at $1.73 on the day of the insider's recent purchase. The company has a market cap of $74.26 million. According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1.04.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider buying activity may be of interest to investors looking for signals of confidence from company executives, especially in the context of the company's current valuation and market performance.
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.
