David Brainard, the Chief Technology Officer of EverQuote Inc (NASDAQ:EVER), sold 4,327 shares of the company at a price of $24.95 per share on May 21, 2024. This transaction left him with 175,142 shares in EverQuote Inc.
EverQuote Inc operates an online marketplace for insurance shopping in the United States. The platform allows consumers to connect with insurance providers and match their demand with the best available insurance quotes. Over the past year, David Brainard has sold a total of 57,551 shares and has not purchased any shares of the company. This recent transaction is part of a broader trend observed at EverQuote Inc, where there have been 60 insider sells and only 1 insider buy over the past year.
On May 21st, EverQuote Inc’s stock was trading at $24.95 per share on NASDAQ giving it a market cap of $824 million. According to GF Value’s intrinsic value estimate for EverQuote Inc is $8.59 per share suggesting that the stock is significantly overvalued with a price-to-GF-Value ratio of 2.9.
The GF Value takes into account historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-to-free cash flow along with a GuruFocus adjustment factor based on company’s past returns and growth and future business performance estimates from Morningstar analysts. It does not provide specific investment guidance or recommend buying or selling any stock but provides long term data driven analysis that considers individual investment objectives and financial circumstances while keeping in mind that it may not include recent qualitative information or price sensitive company announcements.
