On August 23, 2024, Bridget Frey, Chief Technology Officer of Redfin Corp (NASDAQ:RDFN), sold 17,039 shares of the company. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 442,914 shares of Redfin Corp.
Redfin Corp is a technology-enabled real estate brokerage company that offers a wide range of services to facilitate the purchase, sale and rental of residential properties. The company uses technology to streamline the real estate transaction process, making it more convenient and cost-effective for consumers.
Over the past year, Bridget Frey has sold a total of 42,954 shares and purchased no shares of the company. This recent sale is part of a broader trend within Redfin Corp, where there have been 18 insider sales and just 1 insider purchase over the past year.
Redfin Corp shares traded at $10 on the day of the sale, giving the company a market capitalization of around $1.37 billion. According to GF Value, Redfin Corp’s estimated intrinsic value is $7.14 per share, suggesting the stock is significantly overvalued with a Price to GF Value ratio of 1.4.
The GF value is determined by historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted for the company’s past performance and expected future business results.
This insider sale may be of interest to investors who monitor insider behavior as an indicator of the company’s future performance and valuation.
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.
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