Director Richard Hume of TD Synnex Corp (SNX, Financial) executed a sale of 20,000 shares of the company on October 16, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 171,080 shares of the company.
TD Synnex Corp, a leading distributor and solutions aggregator for the IT ecosystem, has seen a variety of insider transactions over the past year. Notably, the insider transaction history for TD Synnex Corp shows a total of 29 insider sells and no insider buys over the past year. Richard Hume, in particular, has sold a total of 60,000 shares and has not purchased any shares within the same timeframe.
On the day of the sale, shares of TD Synnex Corp were trading at $120.72, giving the company a market cap of approximately $10.51 billion. The price-earnings ratio of the stock stands at 15.98, which is lower than the industry median of 22.755. This suggests a potentially more attractive valuation relative to its peers.
The GF Value of TD Synnex Corp is estimated at $112.48, indicating that with a current price of $120.72, the stock is Fairly Valued. The GF Value is a proprietary measure used to determine the fair value of a stock based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This recent insider sell might provide investors with context regarding how insiders are viewing the stock's current valuation and future prospects. As always, potential investors should consider a variety of factors and perform their own due diligence when evaluating the stock.
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.
