CRA International, Inc. (NASDAQ:CRAI) director Christine Rose Detrick sold a total of 2,500 shares of the company's common stock on May 10, according to a recent SEC filing. The shares were sold at a price of $164.0553 each, totaling approximately $410,138.
The transaction has adjusted Detrick's holdings in CRA International to 4,743 shares following the sale. The sale took place amid regular trading activities and was publicly disclosed in compliance with SEC regulations.
CRA International, known for providing expert legal services, has seen its stock price fluctuate in recent months. This sale by a director may be of interest to investors tracking insider activity as a potential signal of the company's performance or the director's view of the stock's value.
The details of the transaction were made available through an SEC Form 4 filing, which companies and insiders are required to use to report changes in ownership to the U.S. Securities and Exchange Commission.
Investors often monitor the buying and selling activities of company directors and executives as it can provide insights into the leadership's perspective on the company's future prospects. However, it is important to consider that insider transactions can be motivated by various personal financial needs or portfolio management strategies and may not always indicate the executive's outlook on the company.
CRA International has not made any official statements regarding the transaction, and it remains one of several transactions by company insiders that are regularly reported to the SEC.
InvestingPro Insights
Amid the news of CRA International, Inc. (NASDAQ:CRAI) director Christine Rose Detrick's recent stock sale, a closer look at the company's financials through InvestingPro reveals some noteworthy metrics. Currently, CRA International has a market capitalization of $1.16 billion and a Price/Earnings (P/E) ratio of 26.89, which is slightly adjusted to 27.29 when looking at the last twelve months as of Q1 2024. This elevated P/E ratio suggests that the stock is trading at a premium relative to its near-term earnings growth.
The company's Price/Book ratio as of the last twelve months of Q1 2024 stands at 5.46, indicating that the stock is trading at a high multiple of its book value. Despite this, CRA International has demonstrated a strong performance with a revenue growth of 7.99% over the last twelve months as of Q1 2024, showing a healthy increase in its top-line figures.
When it comes to stock performance, CRA International has experienced a significant price uptick, trading near its 52-week high with a price percentage of 99.8% of that peak. This aligns with an InvestingPro Tip indicating that the stock has seen high returns over the last year. Additionally, the company has raised its dividend for 8 consecutive years, which may appeal to income-focused investors.
For those looking for more in-depth analysis, there are additional InvestingPro Tips available to help make informed investment decisions. For instance, there are insights into CRA International's debt levels, returns over various periods, and predictions on profitability. To access these tips and more, visit InvestingPro for CRA International and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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