ZeroFox Holdings CRO Sells Over $31,000 of Company Stock From Investing.com
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In a recent transaction, ZeroFox Holdings, Inc. (NASDAQ:ZFOX) Chief Revenue Officer Scott O’Rourke sold shares of the company. The transaction, which took place on March 18, saw 28,385 shares sold at $1.12 per share, for a total of $31,791.
The sale was conducted to fund withholding tax obligations associated with the vesting of restricted stock units under the Company’s equity incentive plan. This “sell” transaction is a common practice to satisfy tax obligations arising when restricted stock units vest and is not considered a discretionary transaction by the reporter.
Following this transaction, O’Rourke still retains a significant stake in the company, including 203,728 shares of common stock and 528,466 shares of uninvested restricted stock. This represents an ongoing vested interest in the company’s performance and future.
Investors frequently monitor insider trading because it can provide insight into how a company’s top management views its stock value and prospects. However, it is important to note that sales to cover tax obligations are typically planned in advance and do not necessarily reflect management’s outlook for the company’s future performance.
ZeroFox Holdings, Inc. specializes in business services and is incorporated in Delaware. The company, along with its management team, remains focused on its mission to serve its industry.
InvestingPro Insights
ZeroFox Holdings, Inc. (NASDAQ:ZFOX) is currently navigating difficult financial times as reflected in market indicators. With a market capitalization of $138.58 million, the company’s financial health is under scrutiny by investors, especially considering its significant debt load and the fact that its short-term liabilities exceed its liquid assets. These factors are pivotal as they can affect a company’s ability to meet its financial obligations and affect investor confidence.
On the revenue side, the picture is a bit bleak. ZFOX’s price-to-earnings (P/E) ratio is -0.39, and its adjusted P/E ratio for the last 12 months as of Q4 2024 is -1.22. This highlights that analysts do not expect the company to make a profit this year. . The company’s sales growth has been impressive. As of Q4 2024, there has been an increase of 98.35% over the last 12 months, but this has not yet translated into profitability as ZFOX was not profitable during the same period.
Nonetheless, investors can find hope in the company’s stock performance, which posted a strong return of 84.75% during the most recent quarter. This may suggest a potential turnaround or investor optimism about future prospects. It is worth noting that ZFOX does not pay a dividend. This means investors looking for income will have to look elsewhere.
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