On October 30, 2024, Michael Szabados, Chief Operating Officer of NetScout Systems Inc (NTCT, Financial), sold 6,500 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 42,489 shares of NetScout Systems Inc.
NetScout Systems Inc specializes in providing service assurance, troubleshooting, diagnostics, business analytics, and DDoS protection. The company's solutions help monitor and analyze the performance of networks and applications, ensuring efficient operation and security against threats.
Over the past year, Michael Szabados has sold a total of 28,000 shares of NetScout Systems Inc and has not purchased any shares. This recent transaction is part of a broader trend where there have been 10 insider sells and no insider buys over the past year within the company.
Shares of NetScout Systems Inc were trading at $21.32 on the day of the sale. The company has a market cap of approximately $1.5 billion.
According to the GF Value, the intrinsic value of NetScout Systems Inc is estimated at $26.97 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.79. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels regarding the company's current valuation and future prospects.
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.
