Simulations Plus , Inc. (NASDAQ:SLP) director Lisa LaVange has recently sold a portion of her company shares, according to the latest SEC filings. The transaction, which took place on May 7, 2024, involved LaVange selling 650 shares of common stock at varying prices.
Investors might note that the shares were sold in multiple transactions with prices ranging from $47.90 to $48.74. The total value of the shares sold by LaVange amounted to approximately $31,394, at an average price of $48.30 per share.
Following the sale, LaVange's remaining stake in the company consists of 7,873 shares of Simulations Plus, Inc. The company, which specializes in computer-integrated systems design, has not provided any specific reason for the sale.
It's worth mentioning that the sales were conducted automatically under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information. This can offer insiders a defense against potential allegations of insider trading.
Simulations Plus investors and those interested in the company's stock movements can request more detailed information about the transactions from LaVange if needed.
InvestingPro Insights
Simulations Plus, Inc. (NASDAQ:SLP) has been under the investor's microscope after recent insider selling activity. To provide further context on the company's financial health and market performance, here are some curated insights based on the latest data from InvestingPro:
The company currently holds a market capitalization of $959.48 million and has demonstrated a robust revenue growth of 18.86% over the last twelve months as of Q2 2024. This growth is a testament to the company's strong market position and operational efficiency. Additionally, the gross profit margin stands at an impressive 75.14%, indicating a high level of profitability relative to its revenue.
InvestingPro Tips suggest that Simulations Plus is trading at a high earnings multiple, with a P/E ratio of 91.01, which is quite elevated. This might indicate that the market has high expectations for the company's future earnings growth. Moreover, the company has maintained dividend payments for 13 consecutive years, which can be appealing for income-focused investors. The latest dividend yield is recorded at 0.49%, with the ex-date of the last dividend being April 26, 2024.
For investors looking to delve deeper into Simulations Plus' performance and valuation metrics, there are additional 12 InvestingPro Tips available that could provide a more nuanced understanding of the company's long-term potential. These tips can be accessed by visiting the dedicated InvestingPro page for Simulations Plus at https://www.investing.com/pro/SLP. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of investment insights and data.
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