On May 24, 2023, Rajeev Singh, the CEO of Accolade Inc (ACCD, Financial), sold 1,456 shares of the company's stock. This move comes amidst a year of both buying and selling activity for Singh, who has sold a total of 10,100 shares and purchased 35,000 shares over the past year.
Who is Rajeev Singh?
Rajeev Singh is the CEO of Accolade Inc, a company that provides personalized health and benefits solutions for employers, health plans, and their members. Singh has been with the company since 2016 and has played a significant role in its growth and development. Under his leadership, Accolade has expanded its services and offerings, helping to improve the healthcare experience for millions of people across the United States.
Accolade Inc's Business Description
Accolade Inc is a technology-enabled services company that focuses on providing personalized health and benefits solutions. The company's platform combines data-driven insights with personalized support from a team of health assistants and clinicians. Accolade's services aim to improve the healthcare experience for employees and their families, while also helping employers and health plans reduce costs and improve outcomes.
Insider Buy/Sell Analysis and Relationship with Stock Price
Over the past year, there have been 3 insider buys and 62 insider sells for Accolade Inc. This trend suggests that insiders may be taking advantage of the stock's current valuation to cash in on their holdings. However, it is essential to consider the context of these transactions and the potential impact on the stock price.
On the day of Rajeev Singh's recent sale, shares of Accolade Inc were trading at $11.82, giving the stock a market cap of $848.264 million. With a GuruFocus Value of $28.95, the stock has a price-to-GF-Value ratio of 0.41, indicating that it may be a possible value trap. Investors should think twice before making a decision based on this valuation.
The GF Value is an intrinsic value estimate developed by GuruFocus, which takes into account the following three factors:
- Historical multiples (price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow) that the stock has traded at.
- A GuruFocus adjustment factor based on the company's past returns and growth.
- Future estimates of business performance from Morningstar analysts.
While insider selling can sometimes be a red flag for investors, it is essential to consider the broader context of the transactions and the company's overall performance. In the case of Accolade Inc, the stock's current valuation and the company's growth prospects should be carefully weighed before making any investment decisions.
Investors should continue to monitor insider activity at Accolade Inc and consider the potential implications for the stock price. By staying informed about the company's performance and insider transactions, investors can make more informed decisions about whether to buy, hold, or sell shares of Accolade Inc.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.