FTI Consulting, Inc. (NYSE:FCN) President and CEO Steven H. Gunby recently sold 44,113 shares of company stock, totaling approximately $9.39 million, according to a Form 4 filing with the Securities and Exchange Commission. The transactions were executed on May 1, 2024, with prices ranging from $212.80 to $213.63 per share.
On the same day, Mr. Gunby also acquired the same number of shares through the exercise of stock options at a price of $34.33 per share, amounting to $1.51 million. This exercise price aligns with the company's stock option plan, where the options vested on March 1, 2019, and were set to expire on March 1, 2026.
Following these transactions, the CEO's direct ownership in FTI Consulting stands at 311,297 shares of common stock. The non-derivative transactions, which include both the acquisition and sale of common stock, reflect a notable shift in Mr. Gunby's investment in the company.
Investors and the market often look to the buying and selling patterns of a company's executives as an indicator of confidence in the firm's future performance. The recent sale by Mr. Gunby represents a significant amount of stock and may attract the attention of shareholders and potential investors.
FTI Consulting, headquartered in Washington, D.C., is a global business advisory firm that specializes in corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications, and technology. The company has been a leader in its field, providing expert advice and support to businesses facing complex challenges and opportunities.
For those interested in reviewing the detailed records of these transactions, FTI Consulting maintains a record and will provide copies upon request. The Form 4 filing with the SEC offers a transparent view of the trades made by company insiders, providing valuable information for the investing public.
InvestingPro Insights
FTI Consulting, Inc. (NYSE:FCN) has been the subject of recent insider trading activity, with its President and CEO, Steven H. Gunby, making significant stock transactions. As investors consider the implications of these moves, it's essential to look at the company's financial health and market performance for a more comprehensive analysis. Utilizing the latest data from InvestingPro, we can gain further insights into FTI Consulting's current standing.
The company boasts a solid market capitalization of $7.55 billion, reflecting its significant presence in the industry. A notable point for potential investors is the company's P/E ratio, which stands at 24.13. This figure suggests that the stock is trading at a reasonable valuation relative to near-term earnings growth, a positive sign for those looking to invest. Additionally, the PEG ratio of 0.65 indicates that the stock may be undervalued based on its earnings growth projections, providing another layer of attractiveness to the investment proposition.
With regards to financial stability, FTI Consulting demonstrates a strong foundation. The company's liquid assets surpass its short-term obligations, and its cash flows can sufficiently cover interest payments, which is reassuring for investors concerned about the company's ability to manage debt and maintain liquidity. This is further supported by the fact that the company operates with a moderate level of debt.
InvestingPro Tips reveal that analysts are optimistic about FTI Consulting's future, with two analysts having revised their earnings upwards for the upcoming period. This is in line with the company's recent profitability, as analysts predict the company will be profitable this year, continuing the trend observed over the last twelve months.
For those looking to delve deeper into FTI Consulting's potential, InvestingPro offers additional tips, with a total of 10 tips available for FCN at https://www.investing.com/pro/FCN. To access these insights and more, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.