Div. President, US Franchise William Bode of Planet Fitness Inc (NYSE:PLNT) sold 2,000 shares of the company’s stock on August 14, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 27,504 shares of the company’s stock.

Planet Fitness Inc. operates one of the largest health club franchises in the United States. The company offers a variety of fitness training options with an emphasis on low prices and a welcoming environment often referred to as a “Judgement Free Zone.”

Over the past year, the insider transaction history at Planet Fitness Inc. shows a trend with 1 insider purchase and 3 insider sales. Specifically, William Bode sold a total of 2,000 shares and made no purchases.

On the day of the last transaction, Planet Fitness Inc. shares were trading at $79.02, giving the company a market capitalization of $6.705 billion. The price-to-earnings ratio is 43.85, which is higher than the industry average of 18.53.

The stock is valued at USD 92.04 according to GF Value, which means that the stock is slightly undervalued with a price-to-value ratio of 0.86.

The GF value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.

This insider sale may be of interest to current and prospective investors as it provides insight into how insiders are interacting with their holdings in the company given the company’s current market valuation and performance metrics.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.