Director of Huron Consulting Group, Roth, Sells Company Stock Worth $649k, According to Investing.com

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Director of Huron Consulting Group, Roth, Sells Company Stock Worth 9k, According to Investing.com

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James H. Roth, director of Huron Council Group Inc. (NASDAQ:), sold a total of 6,805 shares of the company’s common stock, according to a recent SEC filing. The transactions, which took place on March 18, 2024, generated proceeds in excess of $649,000.

The shares were sold at prices ranging from $94.31 to $97.11. Specifically, Roth sold 1,090 shares at an average price of $94.31, 4,197 shares at an average price of $95.38, and 1,318 shares at an average price of $96.30. Additionally, two small lots of 100 shares each were sold at prices of $97.10 and $97.11.

As a result of these transactions, Roth’s direct holdings in Huron Consulting Group Inc. declined, although the exact amount of stock he retains in the company was not disclosed in the filing. It is also noted that the sales were made automatically pursuant to a Rule 10b5-1 trading plan that Roth adopted on May 18, 2023. Such plans allow company insiders to set up trading agreements predetermined to sell shares at a time when they are not in possession. material non-public information.

Investors often monitor insider transactions because they can provide insight into an insider’s view of the company’s stock value. The sale of a significant amount of shares by a director may be of interest to current and potential shareholders.

As of the latest transaction, Roth’s direct stake in the company stands at 69,629 shares, not including any indirect stakes that may be held through other entities. Additionally, a footnote in the SEC filing indicates that there are 3,855 shares indirectly owned by a family-owned LLC.

Huron Consulting Group Inc., headquartered in Chicago, Illinois, specializes in management consulting services and operates in the service sector, in the management consulting services sector.

InvestingPro Insights

In light of the recent insider transactions at Huron Consulting Group Inc. (NASDAQ: HURN), where Director James H. Roth sold a notable number of shares, it is essential to examine the company’s financial performance and market sentiment to understand the context of these sales. . According to InvestingPro data, Huron Consulting Group has a market capitalization of $1.59 billion, with an adjusted twelve-month P/E ratio as of Q4 2023 at 17.52, suggesting a potentially more attractive valuation compared to its current P/E ratio. of 28.62.

The company’s trailing twelve month revenue growth in Q4 2023 stood at a solid 20.27%, indicating a strong upward trajectory in its earnings power. This growth is also reflected in the company’s gross profit margin, which stands at 30.79%. An InvestingPro tip that complements this data is that analysts predict the company will be profitable this year, consistent with the revenue growth and profitability demonstrated over the past twelve months.

Another InvestingPro tip to consider is that management has been repurchasing stock aggressively, which can often be seen as a sign of confidence in the company’s future prospects and a potential indicator of undervaluation. This action contrasts with the insider selling by Roth, and it might be worth investors considering both factors in their analysis.

Investors interested in learning more about Huron Consulting Group’s performance and future prospects can find additional information InvestPro Tips, with a total of 6 tips available at: https://www.investing.com/pro/HURN. To help you make more informed investment decisions, use promo code PRONEWS24 to benefit from an additional 10% reduction on an annual or biannual Pro and Pro+ subscription.

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