Yahoo Finance Insider Sale: Chief Legal Officer Nicole Miller Sells 13,727 Shares of LegalZoom.com Inc (LZ)
On May 17, 2024, Nicole Miller, the Chief Legal Officer of LegalZoom.com Inc (NASDAQ:LZ), sold 13,727 shares of the company. The transaction was reported in a recent SEC Filing. This sale is part of a series of insider transactions over the past year, where Nicole Miller has sold a total of 76,348 shares.
LegalZoom.com Inc (NASDAQ:LZ) is a company that provides online legal solutions for small business owners and families to create legal documents without necessarily having to hire a lawyer. The company offers services that include business formation, intellectual property protection, and legal advice subscriptions.
On the date of the sale, shares of LegalZoom.com Inc were trading at $9.17. The company has a market cap of approximately $1.70 billion. The price-earnings ratio of the company stands at 83.55, which is higher than the industry median of 17.86.
According to the GF Value, the intrinsic value of LegalZoom.com Inc is estimated at $12.14 per share, making the stock modestly undervalued with a price-to-GF-Value ratio of 0.76.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
Over the past year, there have been no insider buys and 16 insider sells at LegalZoom.com Inc, indicating a trend of insider sales.
The insider transaction history and the current valuation metrics provide a comprehensive view of the recent activities and financial health of LegalZoom.com Inc.
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.
This article first appeared on GuruFocus.
