Eric Shuey, a director at LifeStance Health Group (NASDAQ:LFST), sold 243,362 shares of common stock on May 12, 2026. The shares were sold at $8.02 each, totaling approximately $1,951,763.
The sale comes as the stock declined 8.5% over the past week, though shares remain up 41% over the past year.
The transaction involved shares held indirectly by the Eric Shuey Gift Trust. Following the sale, the trust holds 867,562 shares. Mr. Shuey disclaims beneficial ownership except for his pecuniary interest. Additionally, he directly holds 93,982 shares.
According to Bond.az analysis, the stock appears undervalued at current levels.
In other recent news, LifeStance Health Group reported strong Q1 2026 results. EPS came in at $0.04, beating the $0.01 forecast, and revenue hit $403.48 million, surpassing expectations of $387.43 million. Additionally, a secondary offering of 35 million shares was completed by selling stockholders.
