Insider Selling Alert: Perdoceo Education Corporation's Principal Accounting Officer, Michele A. Peppers, Unloads $262K Worth of Stock
Perdoceo Education Corporation's Principal Accounting Officer, Michele A. Peppers, recently sold 12,500 shares of company stock, totaling approximately $262,379. These transactions took place on September 10 and 11, 2024, at prices ranging from $20.98 to $21.00 per share. Despite the sales, Peppers still owns 55,928 shares of the company's common stock.
Perdoceo Education Corporation, formerly known as Career Education Corp, reported a strong second quarter in 2024, with plans for growth and acquisitions. The company expects to see double-digit enrollment growth and higher earnings per share in 2024. However, revenue at CTU is anticipated to be lower due to changes in professional development offerings.
Analyzing Perdoceo's market performance, the company's adjusted price-to-earnings ratio suggests reasonable valuation, with a slight improvement in earnings relative to share price. The impressive gross profit margins and return on assets indicate strong profitability and efficient asset utilization.
Despite insider sales, Perdoceo's stock has seen a 25.24% total return over the last six months, indicating investor confidence in the company's growth potential. For more detailed analysis and metrics, investors can access additional InvestingPro Tips for Perdoceo Education Corporation.
In conclusion, investors should keep an eye on Perdoceo's financial health and market performance to make informed decisions about their investments. Insider transactions can provide valuable insights into a company's current valuation and future prospects, guiding investors towards profitable opportunities.