RDE Inc (GIFT, Financial), a company engaged in the online marketing and direct sales of restaurant deals to consumers, witnessed a significant insider purchase recently. Steve Handy, the Chief Financial Officer of the company, bought 8,821 shares on October 4, 2024. This transaction was filed with the SEC and can be viewed in detail here.
Following this acquisition, the insider now owns a total of 225,620 shares of RDE Inc. The shares were purchased at a price of $1.87 each, amounting to a total investment of $16,494.27. This purchase reflects a continued confidence in the company by the insider, as evidenced by the insider's trading history over the past year where Steve Handy has purchased a total of 25,620 shares.
The transaction comes at a time when RDE Inc's shares are trading below the GF Value of $3.82, with a price-to-GF-Value ratio of 0.49, indicating the stock is currently seen as a Possible Value Trap, Think Twice according to GuruFocus valuation methods.
The market cap of RDE Inc stands at $42.757 million, with the stock's valuation influenced by historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. These factors, combined with an adjustment based on past returns and growth and future business performance estimates from analysts, contribute to the GF Value calculation.
Insider transaction trends for RDE Inc show a pattern of more insider buying than selling over the past year, with 2 insider buys and 0 insider sells. This could be indicative of internal optimism about the company's future prospects.
This recent purchase by the insider might be a key indicator for investors, as insider transactions can provide deep insights into a company's core health and potential future direction.
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.
