On May 10, 2024, Kenneth Moelis, Chairman and Chief Executive Officer of Moelis & Co (MC, Financial), sold 77,102 shares of the company. The transaction was documented in a recent SEC Filing. Over the past year, the insider has sold a total of 377,842 shares and has not made any purchases.
Moelis & Co, a global independent investment bank, provides strategic and financial advice to a diverse client base, including corporations, governments, and financial sponsors. The firm assists its clients in achieving their strategic goals by offering comprehensive financial advisory services across all major industry sectors.
Shares of Moelis & Co were trading at $54.04 on the day of the sale, giving the company a market cap of approximately $3.83 billion. According to the GF Value, the stock is currently significantly overvalued, with a price-to-GF-Value ratio of 1.36.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor for past returns and growth, and future business performance estimates from Morningstar analysts.
Over the past year, there have been no insider buys and 19 insider sells at Moelis & Co, indicating a trend of insider selling.
This recent transaction by Kenneth Moelis continues the trend of insider sales at the company, reflecting a significant amount of shares being sold by insiders over the past year.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
