Lyft director Janey Whiteside sells $241,740 in Lyft shares

Lyft, Inc. (NASDAQ:LYFT) Director Janey Whiteside sold 14,220 shares of the company’s Class A Common Stock on August 7, 2026. The transaction totaled $241,740, with shares sold at a price of $17.0 each. The sale came as Lyft shares trade at $17.54, up 30% over the past year, though still down 9.5% year-to-date. According to InvestingPro analysis, the stock appears undervalued at current levels, with shares trading at a low earnings multiple of 2.44. For deeper insights, investors can access Lyft’s comprehensive Pro Research Report, available for this and 1,400+ other US equities.

The sale was executed pursuant to a Rule 10b5-1 trading plan, which Ms. Whiteside adopted on December 11, 2025. Following this transaction, Ms. Whiteside beneficially owns 66,184 shares of Lyft Class A Common Stock. Certain of these securities are restricted stock units (RSUs), each representing a contingent right to receive one share of Class A Common Stock, subject to applicable vesting schedules and conditions.

In other recent news, Lyft reported its second-quarter 2026 results, showing a mixed performance. The company achieved revenue of $1.84 billion, surpassing forecasts of $1.81 billion, although earnings per share were $0.13, falling short of Wall Street’s estimate of $0.15. Gross Bookings grew by 23% year-over-year, with active riders exceeding 30 million for the first time, driven by North American rideshare, bikes, and European operations. The company also reported second-quarter bookings of $5.50 billion and EBITDA of $177 million, both exceeding Wall Street estimates.

Following these results, UBS raised its price target on Lyft to $17, maintaining a Neutral rating. Meanwhile, BofA Securities increased its price target to $18, keeping an Underperform rating. Despite the profit miss, investors noted the stronger sales, record rider activity, and continued margin expansion as positive developments. These recent developments reflect the company’s growth and operational achievements.