Director Jay Geldmacher sold 4,100 shares of Seagate Technology Holdings PLC (STX, Financial) on October 24, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 2,852 shares of the company.
Seagate Technology Holdings PLC is a global leader in data storage solutions, developing amazing products that enable people and businesses around the world to create, share and preserve their most critical memories and business data.
Over the past year, Jay Geldmacher has sold a total of 8,600 shares of the company and has not made any purchases. The recent transaction reflects a continuation of this selling trend among insiders at Seagate Technology Holdings PLC, with a total of 32 insider sells and no insider buys over the past year.
Shares of Seagate Technology Holdings PLC were trading at $103.3 on the day of the transaction. The company has a market cap of approximately $21.94 billion. The price-earnings ratio stands at 27.15, which is above both the industry median of 23.02 and the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $63.89, suggesting that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.62.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sell event may be of interest to investors tracking insider behaviors and evaluating the stock's valuation metrics in relation to its current trading price.
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.
