On August 9, 2024, John Risher, CEO of Lyft Inc (NASDAQ:LYFT), bought 51,815 shares of the company, according to a recent SEC filing. Following this transaction, the insider now owns a total of 12,099,006 shares of Lyft Inc.
Lyft Inc. is a ridesharing company that provides a platform for peer-to-peer ridesharing, ride-hailing, and a micromobility system that connects riders with drivers. The company is based in San Francisco, California.
The shares were purchased at a price of $9.67 per share, representing a transaction value of approximately $500,961.55. This purchase represents a significant investment by the insider in the company.
Over the past year, John Risher has made several transactions involving Lyft Inc stock. In total, he has bought 51,815 shares and sold none. This pattern of insider buying could be an indication that the insider has strong belief in the company’s future prospects.
Lyft Inc.’s insider transaction history shows a trend with 2 insider purchases and 35 insider sales in the past year. This recent purchase by John Risher stands out against a backdrop of more frequent selling activity by other insiders.
At the time of the last transaction, Lyft Inc. had a market capitalization of approximately $4.13 billion. The stock’s valuation metrics, such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow ratio, are calculated based on historical trading multiples, adjusted factors from past performance and future business estimates.
According to GF Value, Lyft Inc.’s intrinsic value is estimated at $16.88 per share, which suggests that the stock is currently undervalued with a Price to GF Value ratio of 0.57. This valuation suggests that the stock could be a possible value trap and potential investors should think twice before making any investment decision.
These insider buying activities and current valuation metrics provide an overview of Lyft Inc.’s financial landscape and market perception, offering insights to shareholders and potential investors.
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.
