In a recent move, J. Christopher Hurt, the Chief Operations Officer of Build-A-Bear Workshop Inc (NYSE:), sold a considerable number of shares of the company. According to the latest regulatory filings, Hurt sold a total of 22,819 shares, with net proceeds of approximately $666,980.
The trades took place over two days, with shares selling at weighted average prices between $29.1143 and $29.4118. Specifically, on April 2 Hurt sold 5,922 shares at an average price of $29.4118 and another 5,000 shares at an average price of $29.2862. The next day he sold 11,897 shares at an average price of $29.1143. These sales were made in multiple transactions at prices that varied within the indicated ranges.
In addition to the sales, Hurt also acquired 5,922 shares of Build-A-Bear Workshop Inc common stock through the exercise of stock options on April 2, at a set price of $20.47 per share, for a total of $121,223.
After these transactions, Hurt’s direct ownership in the company totals 41,216 shares of common stock and 17,674 shares of restricted stock, reflecting a significant change in his stake in the retailer known for its customizable teddy bears and other stuffed animals.
Investors often monitor insider transactions like these to understand executive sentiment toward their company’s stock. The sale of a large amount of stock by a high-ranking executive like Hurt may be of particular interest to current and potential shareholders.
Build-A-Bear Workshop Inc has not released any official statements regarding these transactions, and it remains to be seen how these moves will affect investor perception or stock performance going forward.
Insights on InvestingPro
As investors digest Build-A-Bear Workshop Inc (NYSE:BBW) COO J. Christopher Hurt’s recent insider transactions, it’s worth considering the company’s financial health and market performance for a broader perspective. According to InvestingPro, Build-A-Bear Workshop boasts a perfect Piotroski Score of 9indicating strong financial conditions, which could reassure investors about the company’s fundamentals despite insider selling.
Furthermore, the stock is currently trading at low P/E ratio of 7.84, lower than that of the last twelve months starting from the P/E ratio of the fourth quarter of 2024 equal to 7.61. This suggests the stock may be undervalued relative to near-term earnings growth, potentially offering an attractive entry point for value investors. Furthermore, with a PEG ratio of 0.49 for the same period, the company’s growth rate is factored into the price, presenting a favorable picture for those considering the stock’s growth prospects.
InvestingPro Tips also highlight that Build-A-Bear Workshop’s share price movements have been quite volatile, which could be a point of consideration for risk-averse investors. However, with a strong return of 22.51% in the last month it’s a Return of 28.29% in the last three monthsthe stock has shown significant recent gains, potentially indicating positive momentum.
For those interested in digging deeper into Build-A-Bear Workshop’s performance and receiving additional insights, InvestingPro offers additional takeaways, including the company’s profitability over the trailing twelve months and analysts’ profitability forecasts for this year. To access these insights, visit: https://www.investing.com/pro/BBW. Also, use the coupon code PRONEWS24 to get an additional 10% discount on an annual or two-year Pro and Pro+ subscription, unlocking even more valuable investment insights.
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