On November 12, 2024, John Risher, CEO of Lyft Inc (LYFT, Financial), purchased 13,790 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 12,112,796 shares of Lyft Inc.
Lyft Inc operates as a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company offers a mobile app that connects drivers with passengers who request rides, and it also provides a range of other transportation-related services.
Over the past year, John Risher has increased his holdings in Lyft Inc by purchasing a total of 65,605 shares. During the same period, there have been significantly more insider sales, with 37 transactions recorded, compared to only 2 insider buys, indicating a predominance of selling activity among other insiders.
Shares of Lyft Inc were priced at $18.15 on the day of the transaction. The company's market cap is approximately $7.43 billion.
According to the GF Value, the intrinsic value of Lyft Inc is estimated at $15.93 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.14.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This recent purchase by the insider could be a signal to investors about the perceived value of the stock, despite the prevailing market conditions and the company's current valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
