On October 15, 2024, Robert Krestakos, Vice President and Chief Operating Officer of Steelcase Inc (SCS, Financial), sold 4,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 119,481 shares of Steelcase Inc.
Steelcase Inc is a global leader in office furniture, interior architecture, and space solutions for offices, hospitals, and classrooms. The company is known for its innovative products that improve productivity and wellbeing in the workplace.
Over the past year, Robert Krestakos has sold a total of 11,800 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend within Steelcase Inc, where there have been 10 insider sells and no insider buys over the past year.
Shares of Steelcase Inc were trading at $13.11 on the day of the sale. The company has a market cap of approximately $1.494 billion. The price-earnings ratio of the stock is 12.37, which is lower than both the industry median of 23.31 and the company’s historical median.
The GF Value of Steelcase Inc is $12.05, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.09. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock based on its current valuation 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.
