Insider Sale: Div. President, U.S. Franchise William Bode Sells Shares of Planet Fitness Inc (PLNT)

Div. President, U.S. Franchise William Bode of Planet Fitness Inc (NYSE:PLNT) sold 2,000 shares of the company on August 14, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 27,504 shares of the company.

Planet Fitness Inc operates one of the largest fitness club franchises in the United States. The company provides a variety of fitness training options with a focus on low prices and a welcoming environment, often branded as the “Judgement Free Zone.”

Over the past year, the insider transaction history at Planet Fitness Inc shows a trend with 1 insider buy and 3 insider sells. Specifically, William Bode has sold a total of 2,000 shares and has not made any purchases.

On the date of the latest transaction, shares of Planet Fitness Inc were trading at $79.02, giving the company a market cap of $6.705 billion. The price-earnings ratio stands at 43.85, which is above the industry median of 18.53.

The stock’s valuation according to GF Value is set at $92.04, indicating that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.86.

The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.

This insider sale could be of interest to current and potential investors, providing insight into how insiders are interacting with their holdings in the company amidst its current market valuation and performance metrics.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.