What Did This CEO Just Do with Personal Shares of Insperity (NYSE: NSP)?

By Carrie Williams

Yesterday, the COB & CEO of Insperity (NSPResearch Report), Paul Sarvadi, sold shares of NSP for $1.65M.

Following Paul Sarvadi’s last NSP Sell transaction on March 15, 2021, the stock climbed by 15.6%.

See today’s analyst top recommended stocks >>

Based on Insperity’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.19 billion and quarterly net profit of $25.15 million. In comparison, last year the company earned revenue of $993 million and had a net profit of $51.85 million. The company has a one-year high of $114.33 and a one-year low of $62.29. NSP’s market cap is $4.06 billion and the company has a P/E ratio of 36.80.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $121.25, reflecting a -12.5% downside.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Insperity, Inc. engages in the provision of human resources and business solutions. It offers payroll and employment administration, employee benefits, workers compensation, government compliance, performance management, and training and development services. It also provides cloud-based software solutions including human capital management, payroll services, time and attendance, organizational planning, recruiting services, employment screening, expense management services, retirement services, and insurance services. The company was founded by Paul J. Sarvadi in April 1986 and is headquartered in Kingwood, TX.