The CFO of Malibu Boats (MBUU) is Selling Shares

Today, the CFO of Malibu Boats (MBUU), Wayne R. Wilson, sold shares of MBUU for $506.1K.

In addition to Wayne R. Wilson, one other MBUU executive reported Sell trades in the last month.

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Based on Malibu Boats’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $123 million and quarterly net profit of $11.3 million. In comparison, last year the company earned revenue of $104 million and had a net profit of $5.89 million. MBUU’s market cap is $909.2M and the company has a P/E ratio of 27.44. Currently, Malibu Boats has an average volume of 277.6K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $60.20, reflecting a 41.3% upside.

The insider sentiment on Malibu Boats has been negative according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Malibu Boats, Inc. is a holding company, which engages in the design, manufacture, and marketing of recreational powerboats, including performance sport boats, sterndrive, and outboard boats under the Malibu, Axis, and Cobalt brands. It operates through the following segments: Malibu US, Malibu Australia, and Cobalt.

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