BRP Group general counsel sells over $29k in company stock
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BRP (NASDAQ:DOOO) Group, Inc.’s (NASDAQ:BRP) General Counsel, Seth Bala Cohen, has recently engaged in transactions involving the company’s Class A Common Stock, as per the latest filings. Cohen sold a total of 1033 shares at an average price of $29.04, amounting to approximately $29,998 in total value.
The sale took place on March 15, with the price of shares sold ranging from $28.98 to $29.05. This weighted average price reflects the various prices at which the stock was sold in multiple transactions throughout the day.
In addition to the sales, Cohen also had shares withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock. Specifically, 225 shares and 209 shares were withheld on two separate occasions, valued at a price of $29.44 per share, for a total amount of $12,776. These withholdings relate to restricted stock vesting events previously reported in filings on April 4, 2023, and April 5, 2022.
Following these transactions, Cohen’s ownership in BRP Group, Inc. stands at 10,657 shares of Class A Common Stock. The company, known for its services in the insurance brokerage sector, is headquartered in Tampa, Florida, and operates under the ticker symbol NASDAQ:BRP.
Investors and security holders of BRP Group, Inc. can request detailed information about the exact number of shares sold at each price point within the reported range from the reporting person, as indicated in the footnotes of the filing.
InvestingPro Insights
As BRP Group, Inc. (NASDAQ:BRP) continues to navigate the market, recent data from InvestingPro shows a complex financial landscape for the company. With a market capitalization of $3.42 billion, BRP Group’s size remains substantial in its sector. The company’s revenue has seen a notable increase, with a growth of 24.25% in the last twelve months as of Q4 2023, reflecting a positive trend in its business operations. Additionally, the company has experienced a quarterly revenue growth of 15.69% in Q4 2023.
InvestingPro Tips highlight the company’s PEG Ratio of 0.2, suggesting that BRP Group might be undervalued based on its earnings growth. Moreover, the stock is currently trading close to its 52-week high at 95.01% of the peak price, indicating strong market confidence. The company’s next earnings date is set for May 7, 2024, which will be a pivotal moment for investors to assess BRP Group’s financial health and future prospects.
For those looking to dive deeper into BRP Group’s financials and stock performance, InvestingPro offers additional tips. There are currently PRONEWS24 additional tips available on InvestingPro, which can provide further insights into making informed investment decisions. Remember, using the coupon code PRONEWS24 can get you an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
