Director James Gattoni Acquires 20,000 Shares of Proficient Auto Logistics Inc (PAL)
On August 20, 2024, James Gattoni, Director at Proficient Auto Logistics Inc (NASDAQ:PAL), purchased 20,000 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's holdings to 20,000 shares.
Proficient Auto Logistics Inc specializes in the logistics and transportation of automobiles across various regions. The insider's purchase aligns with a pattern of buying activity among other insiders at the company over the past year, with a total of 4 insider buys and no insider sales reported.
Shares of Proficient Auto Logistics Inc were priced at $18.98 on the day of the transaction. The company currently holds a market cap of $483.643 million. Investors often monitor insider purchases as they can indicate executives' confidence in the company's future performance.
For further valuation, the stock's price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow are accessible for in-depth analysis. Additionally, the GF Value provides a perspective on the stock's intrinsic value based on historical multiples, adjusted for growth and other factors.
This insider activity could be a significant indicator for investors, reflecting the insider's perspective on the stock's potential. Monitoring such transactions, alongside comprehensive valuation metrics, can provide a more rounded view of the company's financial health and market position.
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