LiveWire Group, Inc. (NYSE:LVWR) director Gruner Kjell has executed a sale of company stock, according to a recent filing with the U.S. Securities and Exchange Commission. The transaction, which took place on May 21, 2024, involved the sale of 5,000 shares at a weighted average price of $6.4591, totaling approximately $32,295.
The sale was conducted in multiple transactions with prices ranging from $6.39 to $6.49 per share. Following the sale, Kjell retains ownership of 34,777 shares of LiveWire Group, Inc. The company, known for its involvement in the motorcycles, bicycles, and parts industry, is headquartered in Milwaukee, Wisconsin.
It is not uncommon for executives and directors of publicly traded companies to buy or sell shares in their own firms. Such transactions are regularly reported to the SEC and provide investors with insight into the actions of company insiders.
Investors and the general public can request detailed information about the exact number of shares sold at each price point from Gruner Kjell if needed. This information can be valuable for assessing market trends and the confidence levels of company insiders.
The transactions were made public through the SEC's Form 4 filing and were signed by Kenitra Morgan, Attorney-in-fact, on May 24, 2024. As of the time of reporting, LiveWire Group, Inc. has not issued any official statement regarding the stock sale.
InvestingPro Insights
LiveWire Group, Inc. (NYSE:LVWR) has recently caught the attention of investors following insider transactions. To provide a deeper understanding of the company's financial health, here are some insights based on real-time data from InvestingPro.
InvestingPro Data indicates that LiveWire Group, Inc. has a market capitalization of $1.35 billion USD. However, the company's financial performance shows some challenges, with a negative revenue growth of -20.26% over the last twelve months as of Q1 2024 and a gross profit margin of -31.68%. These figures point to some underlying issues in the company's ability to generate profit from its revenues.
Two InvestingPro Tips that stand out for LiveWire Group, Inc. are that the company holds more cash than debt on its balance sheet and that liquid assets exceed short-term obligations. These points suggest that despite the company's lack of profitability over the last twelve months and weak gross profit margins, it maintains a level of financial stability in terms of liquidity and debt management.
Investors considering LiveWire Group, Inc. should note that analysts do not anticipate the company will be profitable this year, and the stock has experienced a significant price decline over the last three months, with a total return of -30.25%. Additionally, the company is trading at a high Price / Book multiple of 7.34, which could be a point of concern for value-focused investors.
For those seeking more comprehensive analysis and additional insights, InvestingPro offers a range of metrics and expert tips. Currently, there are 9 additional InvestingPro Tips available for LiveWire Group, Inc., which can be accessed at https://www.investing.com/pro/LVWR. Remember to use the coupon code PRONEWS24 to get an extra 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.