On September 26, 2024, David Goeckeler, CEO of Western Digital Corp (WDC, Financial), executed a sale of 75,000 shares of the company. Following this transaction, the insider now owns 896,630 shares of Western Digital Corp. The shares were sold at a price of $70.32, as detailed in the SEC Filing.
Western Digital Corp (WDC, Financial) is a global provider of data storage technologies and solutions. The company designs, manufactures, and sells a range of products, including hard disk drives (HDDs) and solid state drives (SSDs), which are used in a variety of devices from desktop computers to sophisticated enterprise storage systems.
Over the past year, the insider transaction history for Western Digital Corp shows a total of 14 insider sells and no insider buys. The insider, David Goeckeler, has sold a total of 75,000 shares over the past year and has not purchased any shares.
Shares of Western Digital Corp were trading at $70.32 on the day of the sale, giving the company a market cap of approximately $23.84 billion. According to the GF Value, the stock is currently significantly overvalued, with a price-to-GF-Value ratio of 1.7. The GF Value of $41.26 is based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
The valuation metrics for Western Digital Corp include a price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, all of which are considered in the GF Value calculation. These metrics, combined with the company's historical performance and analyst forecasts, contribute to the intrinsic value estimate provided by GuruFocus.
This insider sale might be of interest to investors tracking insider behaviors and company valuation metrics, especially considering the current market valuation of Western Digital Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
