On September 25, 2024, Antonio Neri, President and Chief Executive Officer of Hewlett Packard Enterprise Co (HPE, Financial), sold 83,334 shares of the company. The transaction was executed at a price of $19.72 per share, as detailed in the SEC Filing. Following this sale, the insider now owns 1,758,641 shares of Hewlett Packard Enterprise Co.
Hewlett Packard Enterprise Co, a global edge-to-cloud company, helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, Hewlett Packard Enterprise delivers unique, open, and intelligent technology solutions as a service. With offerings spanning Cloud Services, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage, HPE provides a diverse portfolio of products and services that enable customers to harness the power of their data while reducing complexity and expense.
Over the past year, Antonio Neri has sold a total of 615,945 shares and has not made any purchases of the company's stock. The insider transaction history for Hewlett Packard Enterprise Co shows a trend with 0 insider buys and 22 insider sells over the past year.
Shares of Hewlett Packard Enterprise Co were trading at $19.72 on the day of the sale, giving the company a market cap of $26.16 billion. The price-earnings ratio stands at 14.39, which is lower than the industry median of 22.145. This suggests a potentially lower valuation relative to its peers.
The stock's GF Value is set at $16.47, indicating that with a current price of $19.72, Hewlett Packard Enterprise Co is modestly overvalued. The price-to-GF-Value ratio is 1.2, reflecting this assessment.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This recent insider sale might provide investors with context about executive confidence and potential future direction of the company, considering the current valuation metrics and market performance.
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.
