On August 23, 2024, Jerome Grant, CEO of Universal Technical Institute Inc (NYSE:UTI), performed a significant transaction by selling 68,000 shares of the company’s stock. The sale was documented in a recent SEC filing. Following this transaction, the insider now owns 136,443 shares of Universal Technical Institute Inc.

Universal Technical Institute Inc (NYSE:UTI) specializes in providing post-secondary education to students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The company operates schools throughout the United States.

Over the past year, Jerome Grant has sold a total of 68,000 shares and purchased no shares. This recent sale is part of a broader trend seen within the company. Over the past year, there have been six insider sales and no insider purchases.

Universal Technical Institute Inc. shares were trading at $17.53 on the day of the sale. The company has a market capitalization of approximately $932.559 million. The stock’s price-to-earnings ratio is 34.66, which is higher than the industry average of 18.13.

The stock is valued at $9.76 according to GF Value, which translates to a price to GF Value ratio of 1.8. This suggests that Universal Technical Institute Inc. is significantly overvalued based on its GF Value.

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 investors who follow insider behavior as an indicator of the company’s future prospects and valuation.

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.