Perdoceo Education Corporation (NASDAQ:PRDO) President and CEO Todd Nelson sold 48,000 shares of the company's stock on March 21, 2024, according to a recent SEC filing. The transaction was executed at an average price of $17.4 per share, giving him a total sale price of $835,200.
Perdoceo Education Corp is an educational services company offering a wide range of degree programs through online platforms and campuses. The company operates through its subsidiaries and offers undergraduate and graduate degree programs designed to meet the career-focused lifelong learning needs of adult learners.
Over the past year, this insider has sold a total of 464,535 shares of Perdoceo Education Corporation stock, but did not buy any shares. The recent insider sales are part of a trend observed last year, where there were no insider buys in the company, but 21 insider sales.
On the day of the most recent insider sale, Perdoceo Education Corporation stock was trading at $17.4, giving the company a market cap of $1.175 billion. The company's price-to-earnings ratio was 8.21x, which was lower than the industry median of 19.81x, but higher than the company's historical median price-to-earnings ratio.
Stock price compared to GuruFocus Value (GF Value) shows that Perdoceo Education Corp is significantly overvalued. Since the stock price is $17.4 and the GF value is $12.74, the stock price to GF value ratio is 1.37.
GF Value is calculated by considering historical trading multiples, GuruFocus adjustment factors based on past earnings and growth, and future earnings estimates provided by Morningstar analysts.
The Insider Trends image above reflects recent selling activity by Perdoceo Education Corp. insiders.
The GF Value image above is a visual representation of the stock's valuation against its intrinsic value estimate.
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This article first appeared on GuruFocus.