MediaAlpha CRO Keith Cramer sells $165,924 in shares

MediaAlpha's Chief Revenue Officer, Keith Cramer, recently sold 13,000 shares of the company's Class A Common Stock, amounting to $165,924. The transactions were executed under a pre-established Rule 10b5-1 trading plan, primarily to cover taxes related to the vesting of restricted stock units (RSUs). MAX shares have seen a 71% increase over the past six months, currently trading at $12.69, which analysts consider undervalued with a P/E ratio of 8.89.

Prior to this sale, Cramer acquired a total of 9,775 shares of Class A Common Stock through RSU vesting. Meanwhile, MediaAlpha reported a record second-quarter revenue of $317 million, surpassing Wall Street's expectations and leading to increased investor confidence.

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