Thomas B. Cusick, a director at Barrett Business Services Inc. (NASDAQ:BBSI), sold 3,000 shares of the company's common stock on December 3, according to a recent SEC filing. The transaction comes as BBSI trades near its 52-week high, having delivered impressive returns of over 55% in the past year. The shares were sold at a weighted average price of approximately $43.41, with the total transaction amounting to $130,219. Following this sale, Cusick holds 27,776 shares directly in the $1.12 billion market cap company. According to InvestingPro analysis, BBSI currently trades above its Fair Value, suggesting the director's timing may be strategic.
The transaction was executed in multiple trades, with prices ranging from $43.40 to $43.50. Cusick has committed to providing full details of the trades upon request to the SEC, the company, or its shareholders. For deeper insights into insider trading patterns and 13 additional ProTips about BBSI, including comprehensive valuation metrics, check out the full research report available on InvestingPro.
In other recent news, Barrett Business Services, Inc. (BBSI) reported its financial results for the third quarter of 2024. The company's President and CEO, Gary Kramer, and CFO, Anthony Harris, offered insights into BBSI's performance and future outlook during a conference call. While no specific financial misses were discussed, the call emphasized the inherent risks and uncertainties that could potentially affect future results. Despite these potential risks, BBSI remains optimistic about its future performance. The call also featured a Q&A session, allowing for further inquiries about BBSI's performance and expectations. For those interested, a replay of the call will be accessible until December 6, 2024. These are recent developments in the company's financial trajectory.
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