HIMS Insider Selling: CEO Sells Over $6 Million in Stocks
HIMS Insider Selling Analysis
HIMS insider selling is drawing attention as the CEO, Andrew Dudum, recently sold over $6 million worth of Hims & Hers stocks. This comes amidst a period of significant gains for HIMS shares, which have appreciated sharply over recent months.
Details of the Stock Sale
Dudum executed multiple trades from December 13 to December 17, resulting in the sale of 204,907 shares at prices between $28.77 and $32.63. Total sales amounted to approximately $6,244,283.
- Insider selling can sometimes indicate a lack of confidence, but in this case, the sales were part of a prearranged plan.
- The recent price-to-earnings (P/E) ratio for HIMS stock stands at 70.15, signaling potential caution for new investors.
Company Performance Amidst Sales
Despite the selling, Hims & Hers continues to report growth, with a 77% increase in revenue year-over-year (YoY) and a 44% uptick in subscribers. However, prospective investors should approach with caution given the current valuation metrics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.