On October 25, 2024, Alain Monie, Director at Ingram Micro Holding Corp (INGM, Financial), purchased 227,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 1,335,793 shares of Ingram Micro Holding Corp.
Ingram Micro Holding Corp is a leading provider of technology and supply chain services to businesses around the world. The company facilitates the distribution of technology products and services, ensuring efficient supply chain management and logistics solutions.
Over the past year, Alain Monie has increased his holdings by 227,000 shares, with no recorded sales of the company's stock. This recent acquisition aligns with a broader pattern of insider buying at Ingram Micro Holding Corp, which has seen a total of 5 insider buys and no insider sales over the same period.
Shares of Ingram Micro Holding Corp were priced at $22 on the day of the transaction. The company's market cap stands at approximately $5.71 billion. The price-earnings ratio of the stock is 16.47, which is below the industry median of 26.26, indicating a potentially undervalued status relative to its peers.
This insider buying trend may be of interest to investors, as it could signal confidence in the company's future performance and valuation, as indicated by the GF Value.
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