In recent market activity, Lisa L. Troe, a director at Expro Group Holdings N.V. (NYSE:XPRO), an oil and gas field services company, sold a number of shares in the company. The transactions, which took place on June 3, 2024, involved the sale of 2,820 shares at a weighted average price of $21.13, resulting in a total value of $59,596. The sale prices ranged from $20.80 to $21.43.
This sale was conducted under a Rule 10b5-1 trading plan, which was previously adopted by Troe on June 16, 2023. Typically, these plans are established to allow insiders to sell shares over a predetermined period of time, to manage tax liabilities or diversify their investment portfolios. It is worth noting that the plan was put in place well in advance of the transactions, providing a structured way of selling shares that can help avoid concerns about transactions based on the current market conditions or inside information.
Additionally, on June 1, Troe received 7,748 restricted stock units (RSUs) as part of the company's 2022 Long-Term Incentive Plan. These RSUs are scheduled to vest on June 1, 2025, and are granted as annual compensation to non-employee members of the Board of Directors. Each RSU represents a contingent right to receive one share of Expro Group's common stock upon vesting.
Following the sale, Troe's ownership in the company stands at 30,517 shares. The recent transactions are part of the normal course of business for corporate executives and directors, who often own and trade stock in their own companies. For investors, tracking such insider transactions can provide insights into the perspectives of those who are closely involved with the company.
Investors and stakeholders in Expro Group Holdings N.V. can expect regular disclosures of such transactions, as they are a routine part of corporate governance and transparency.
InvestingPro Insights
Expro Group Holdings N.V. (NYSE:XPRO) has recently caught the attention of investors not only due to insider transactions but also because of its financial health and market performance. According to InvestingPro data, Expro Group boasts a market capitalization of $2.42 billion, reflecting its significant presence in the oil and gas field services sector.
Despite a challenging P/E ratio of -114.92, which suggests investors are anticipating higher earnings in the future, the company has shown promising revenue growth. Over the last twelve months as of Q1 2024, Expro Group's revenue has grown by 16.35%, indicating potential in its operational success. Additionally, the company's gross profit margin during the same period was 19.07%, a figure that investors often scrutinize when assessing a company's financial viability in its industry.
One of the InvestingPro Tips highlights that Expro Group is expected to see net income growth this year, which aligns with the upward revisions of earnings by 3 analysts for the upcoming period. This could be a signal of confidence in the company's ability to increase profitability. Moreover, the company's low price volatility, as per another InvestingPro Tip, suggests that its stock price has been relatively stable, which might appeal to risk-averse investors.
For investors seeking more in-depth analysis and additional InvestingPro Tips, visiting the dedicated page for Expro Group Holdings N.V. at https://www.investing.com/pro/XPRO can prove beneficial. There, investors can find a total of 13 additional tips that could further guide investment decisions. To enhance the value of this offer, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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