Lyft Inc (NASDAQ:LYFT), a company that engages in the provision and management of an online social transportation platform, has reported an insider sale according to a recent SEC filing. The Chief Accounting Officer of Lyft Inc, Lisa Blackwood-Kapral, sold 18,065 shares of the company on February 26, 2024. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Over the past year, the insider has sold a total of 55,221 shares of Lyft Inc and has not made any purchases of the stock. The recent sale by the insider has contributed to the overall trend observed in the company's insider trading activities. In the past year, there have been 3 insider buys and 24 insider sells for Lyft Inc.
On the date of the reported sale, shares of Lyft Inc were trading at $16.06, which places the company's market capitalization at $6.273 billion.
The stock's valuation metrics indicate that Lyft Inc is currently Fairly Valued, with a price-to-GF-Value ratio of 0.97. The GF Value, which stands at $16.57, is an intrinsic value estimate from GuruFocus. It is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
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.
