Neptune Insurance CEO Trevor Burgess sells $122,450 in company stock

Neptune Insurance CEO Trevor Burgess recently sold a substantial portion of his company's Class A Common Stock, amounting to 4,431 shares valued at $122,450. The stock sales occurred on November 9, 2026, at prices ranging from $27.40 to $27.88, slightly below the current share price of $28.22. These shares were sold according to a pre-existing Rule 10b5-1 trading plan that Burgess established on July 31, 2026.

Despite Neptune being deemed overvalued in InvestingPro's assessment, the company is showing a more favorable P/E ratio and PEG ratio of 0.41. Mr. Burgess currently holds 1,902,520 shares of the company. His roles at Neptune extend beyond CEO, as he is also a Director and a 10% shareholder. Neptune Insurance reported impressive financial growth in its latest quarter, with revenue increasing by 34% to $59.6 million and adjusted earnings per share rising by 44%.

The company's adjusted EBITDA grew by 38% to $36.8 million, with a widened margin of 62%. This growth led to an upward revision of the company's full-year outlook and initial guidance for 2027. In response to these results, Mizuho raised its price target for Neptune Insurance to $33 from $31 while maintaining a Neutral rating. Neptune Insurance's revenue growth was achieved despite market challenges and the absence of hurricane-related demand.