William Grant, Chief Operating Officer of SelectQuote, Inc. (NASDAQ:SLQT), has disclosed the acquisition of 79,600 shares of the company's common stock. The transaction, dated November 6, 2026, was executed at prices ranging from $0.415 to $0.53, for a total value of $40,198. The purchase was made at a time when SelectQuote's shares are trading at $0.46, representing a 71% decline over the past year. According to InvestingPro analysis, the stock may be undervalued at current levels. InvestingPro Tips also note that SLQT is trading at a low Price/Book multiple of 0.26, with 15 additional tips available to subscribers.
Following the transaction, Mr. Grant directly holds 3,468,094 shares of SelectQuote common stock. In addition, he has indirect beneficial ownership of 1,150,000 shares through his role as Trustee for the William Thomas Grant III Irrevocable Trust, and 10,681 shares through a Mainstar Trust IRA. Mr. Grant also indirectly holds 1,089,369 shares through Haakon Capital, LLC, an investment company in which he owns a one-third stake. He disclaims beneficial ownership of the shares held by Haakon Capital, LLC, except to the extent of his pecuniary interest.
In other recent developments, SelectQuote reported its first-quarter earnings, showing a narrower-than-expected loss. The company posted adjusted earnings of negative $0.21 per share, compared with analyst expectations of negative $0.34. Revenue, however, came in at $280 million, below the anticipated $326.17 million. The company's adjusted EBITDA loss improved by $15 million year over year, reaching $17 million, while trailing 12-month adjusted EBITDA increased by 30% to $124 million. Management reaffirmed its fiscal 2027 operating cash flow guidance of at least $60 million. Despite weaker sales, which were attributed in part to a reduced agent force and the effects of the Inflation Reduction Act on Healthcare Services revenue, the company highlighted progress in profitability. SelectQuote continues to focus on AI, automation, and a leaner agent force to protect its margins.