NerdWallet, Inc. (NASDAQ:NRDS) director Jennifer Ceran has recently sold a portion of her company shares, according to the latest SEC filings. Ceran offloaded 5,897 shares of Class A Common Stock at a weighted average price of $13.70, totaling approximately $80,788 in value. The transactions were carried out on May 24, 2024, and were reported to the SEC on May 29.
The sales were conducted in multiple transactions with prices ranging between $13.55 and $13.81. The filing indicated that the sales were made pursuant to a prearranged Rule 10b5-1 trading plan, which Ceran had adopted on December 15, 2023. Rule 10b5-1 allows company insiders to set up a trading plan for selling stocks they own in a pre-scheduled manner, which can help them avoid accusations of insider trading.
Following the sale, Jennifer Ceran continues to hold 36,099 shares of NerdWallet, Inc., which includes 11,061 Restricted Stock Units (RSUs) that are payable solely in Class A Common Stock of the company. The RSUs are a form of compensation that gives the holder the right to receive shares once certain conditions, such as vesting requirements, are met.
NerdWallet, Inc., headquartered in San Francisco, California, operates within the technology sector, providing services related to computer processing and data preparation. The company's stock is publicly traded under the ticker symbol NRDS on the NASDAQ stock exchange.
This recent transaction provides investors with updated insights into the trading activities of NerdWallet's directors, which can be an important aspect to consider when evaluating the company's stock performance and insider confidence.
InvestingPro Insights
Amid the news of NerdWallet, Inc. (NASDAQ:NRDS) director Jennifer Ceran's stock sale, investors may find additional context in the company's financial health and stock performance metrics. According to real-time data from InvestingPro, NerdWallet's market capitalization stands at $1080M, reflecting the company's current valuation in the market. Despite a challenging environment, analysts have a positive outlook for NerdWallet, as they predict the company will be profitable this year, which aligns with the expectation of net income growth. This could signal a potential turnaround for the company, which has not been profitable over the last twelve months.
An analysis of NerdWallet's financial status shows that the company's liquid assets exceed its short-term obligations, indicating a solid liquidity position that could reassure investors of the company's ability to meet its immediate financial liabilities. However, the stock has experienced a significant decline over the last three months, with a 19.62% drop in price total return, reflecting investor sentiment and market trends. Despite this, the company's strong gross profit margin of 90.81% over the last twelve months as of Q1 2024 suggests that NerdWallet maintains a robust ability to generate profit from its revenues.
For investors looking to dive deeper into NerdWallet's financials and future prospects, there are additional InvestingPro Tips available, which could provide a more comprehensive understanding of the company's potential. By using the coupon code PRONEWS24, investors can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable insights. With several more tips listed on InvestingPro, including the company's fair value estimations and future earnings date, a subscription could be an invaluable tool for making informed investment decisions.
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