Insider Selling Alert: CRA International, Inc. (NASDAQ:CRAI) Executive Unloads $200,000 Worth of Stock
CRA International, Inc. (NASDAQ:CRAI) recently saw one of its top executives, Jonathan D. Yellin, the company's Executive Vice President and General Counsel, sell 1,250 shares of CRA International stock. The transactions, which occurred on August 15, 2024, totaled nearly $200,000.
The sales were made at weighted average prices, with the first batch of 450 shares selling for an average of $157.6506 each, and the subsequent 800 shares sold at an average of $158.6013 per share. These sales were part of a pre-arranged trading plan under Rule 10b5-1, allowing insiders to trade stocks without possessing material non-public information.
Yellin still holds 20,361 shares of CRA International stock after these transactions, showing a continued interest in the company's performance. CRA International reported a solid performance in the second quarter of fiscal 2024, with a 5.9% year-over-year revenue increase to $171.4 million.
Looking ahead, CRA International expects full-year fiscal 2024 revenue to be between $670 million and $685 million, with a non-GAAP EBITDA margin of 12.2% to 13.0%. Despite facing challenges like a slight decrease in consultant headcount and increased expenses, the company remains optimistic about its growth prospects.
InvestingPro Insights:
CRA International (NASDAQ:CRAI) showcases financial characteristics that may interest investors. With a market capitalization of $1.08 billion and a P/E ratio of 27.54, the company's value aligns with its earnings performance. Management's share repurchases and consistent dividend increases highlight a commitment to shareholder returns.
The company has seen a 44.95% return over the past six months, with analysts revising earnings expectations upwards. While profitable, CRA International trades at a high Price to Book multiple of 5.67, suggesting rich market valuation compared to asset book value.
InvestingPro Data metrics reveal positive revenue growth and operational profitability. Investors should consider these broader financial metrics alongside executive transactions like Yellin's recent stock sale. With the next earnings date on October 31, 2024, investors can track how these indicators translate into actual performance.