On August 20, 2024, Paul Maleh, President and CEO of CRA International Inc (NASDAQ:CRAI), sold 7,500 shares of the company’s stock. The transaction was filed on August 22, 2024, as reported in the SEC filing. Following this transaction, the insider now owns 159,212 shares of CRA International Inc.
CRA International Inc., commonly known as Charles River Associates, is a global consulting firm that provides economic, financial and management consulting services. The firm assists major law firms, corporations, accounting firms and governments with complex business and litigation matters, including mergers and acquisitions, regulatory proceedings and strategic planning.
Over the past year, Paul Maleh has sold a total of 52,500 shares and has not purchased any shares of the company. This recent sale is part of a broader trend seen within the company. Over the past year, there have been 15 insider sales and no insider purchases.
CRA International Inc.’s stock price on the day of sale was $158.33. The company’s market capitalization is approximately $1.085 billion. Its price-to-earnings ratio is 28.09, which is higher than both the industry median of 17.79 and the company’s historical median.
According to GF Value, the stock is currently considered significantly overvalued with a price-GF Value ratio of 1.32. The GF Value of USD 120.15 is calculated based on historical trading multiples, an adjustment factor from GuruFocus and analyst forecasts for future business development.
This insider sale may be of interest to investors who monitor insider behavior as an indicator of the company’s future performance and valuation prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
