Jeffery Darby, Senior Vice President of Sales and Marketing at Dorman Products , Inc. (NASDAQ:DORM), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Darby sold 2,400 shares of common stock on November 1st at a price of $124.98 per share, totaling approximately $299,952. Following this transaction, Darby retains ownership of 17,471 shares in the company.
InvestingPro Insights
The recent sale by Jeffery Darby comes at a time when Dorman Products (NASDAQ:DORM) is experiencing strong market performance. According to InvestingPro data, the company's stock has shown impressive returns, with a 96.26% price total return over the past year and a 47.04% return over the last six months. This robust performance is reflected in the stock trading near its 52-week high, with the price at 100% of its 52-week high value.
Despite the recent insider sale, there are positive indicators for Dorman Products. An InvestingPro Tip highlights that three analysts have revised their earnings upwards for the upcoming period, suggesting confidence in the company's future performance. Additionally, the company's PEG ratio of 0.23 as of the last twelve months ending Q3 2024 indicates that the stock may be undervalued relative to its earnings growth potential.
Financially, Dorman Products appears to be in a solid position. The company reported revenue of $1,969.72 million in the last twelve months ending Q3 2024, with a gross profit margin of 39.54%. Moreover, the company's EBITDA growth of 39.72% over the same period demonstrates strong operational performance.
For investors seeking more comprehensive analysis, InvestingPro offers additional insights with 13 more tips available for Dorman Products. These tips could provide valuable context for understanding the company's market position and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.