ANAHEIM, CA - In a recent transaction, Thomas Donald Brisbin, a director at Willdan Group , Inc. (NASDAQ:WLDN), sold 7,347 shares of the company's common stock at an average price of $32.01, amounting to a total of over $235,000. The sale took place on May 16, 2024, as reported in a new SEC filing.
On the same day, Brisbin also acquired 7,347 shares of Willdan Group's common stock through the exercise of stock options. These options, with an exercise price of $7.13 per share, resulted in a total transaction value of approximately $52,384.
The transactions were part of Brisbin's planned trading activities and were executed at varying prices. According to the SEC filing, the shares sold were traded at prices ranging from $32.00 to $32.08. The detailed information regarding the number of shares sold at each price point is available upon request.
Following these transactions, Brisbin's direct ownership in Willdan Group includes a mix of common stock and restricted shares. The restricted stock consists of 11,667 shares that vest in two installments on March 7, 2025, and March 7, 2026, and 6,250 shares that vest on March 9, 2025.
Willdan Group, Inc., headquartered in Anaheim, California, is a provider of professional technical and consulting services. The company's stock is traded on the NASDAQ under the ticker symbol WLDN.
Investors and security holders can obtain further information about the sales and the underlying stock options by referring to the footnotes provided in the SEC filing. The full details of the transactions, including the exact number of shares sold at each price within the reported range, are available to those who make a request to the company or the SEC.
The reported transactions demonstrate ongoing financial activity by company insiders, providing the market with insights into their view of the company's stock value and performance.
InvestingPro Insights
As Willdan Group, Inc. (NASDAQ:WLDN) continues to make headlines with its insider transactions, the real-time metrics from InvestingPro paint a broader picture of the company's financial health and market performance. With a market capitalization of $442.7 million and a P/E ratio standing at 33.24, Willdan Group operates with a significant earnings multiple, which suggests that investors are expecting higher future earnings growth.
The company's stock has been performing robustly, with a strong return over the last month of 18.44% and an even more impressive three-month price total return of 52.66%. This upward trend is also reflected over a six-month period, with a 57.27% return, showcasing the company's solid market performance in the near term.
From a financial standpoint, Willdan Group's revenue growth has been substantial, with an increase of 20.48% over the last twelve months as of Q1 2024. This is further bolstered by a gross profit margin of 35.08%, indicating the company's ability to maintain profitability while expanding its revenue streams.
Two notable InvestingPro Tips for Willdan Group include the anticipation of net income growth this year and the company's liquidity position, where its liquid assets exceed short-term obligations. These factors contribute to the company's financial stability and potential for sustained growth. For investors seeking in-depth analysis, there are more tips available on InvestingPro, including insights on the company's moderate level of debt and its profitability over the last twelve months.
For those interested in a deeper dive into Willdan Group's performance and potential, InvestingPro offers a total of 12 additional InvestingPro Tips. To gain access to these valuable insights, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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