On June 5, 2024, Jennifer Hartnett, the Chief Commercial Officer of e.l.f. Beauty Inc (NYSE:ELF), sold 9,808 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 61,647 shares of e.l.f. Beauty Inc.
e.l.f. Beauty Inc is a cosmetics company known for its affordable, high-quality makeup and beauty products. The company has gained popularity for its commitment to cruelty-free products and its wide range of items that cater to diverse beauty needs.
Over the past year, Jennifer Hartnett has sold a total of 15,987 shares and has not made any purchases of the company’s stock. This recent transaction is part of a broader trend within e.l.f. Beauty Inc, where there have been 59 insider sells and no insider buys over the past year.
Shares of e.l.f. Beauty Inc were trading at $184.96 on the day of the sale, giving the company a market cap of approximately $9.94 billion. The price-earnings ratio of the stock is 80.01, which is significantly higher than the industry median of 18.33.
The stock’s valuation, according to GF Value, is considered Significantly Overvalued with a price-to-GF-Value ratio of 1.57. The GF Value of $117.64 is based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale comes at a time when the stock price is perceived to be significantly above its intrinsic value, suggesting a potential reassessment of the stock’s current market position and valuation.
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.
This article first appeared on GuruFocus.
