On October 30, 2024, Rahul Samant, Executive Vice President & Chief Information Officer of Delta Air Lines Inc (DAL, Financial), sold 10,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 64,163 shares of Delta Air Lines Inc.
Delta Air Lines Inc operates as one of the major American airlines. The company provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The airline is known for its extensive domestic and international network, and it plays a key role in the global aviation market.
Over the past year, Rahul Samant has sold a total of 20,000 shares and has not made any purchases of the company's stock. The insider transaction history for Delta Air Lines Inc shows a trend with 2 insider buys and 14 insider sells over the past year.
Shares of Delta Air Lines Inc were trading at $58.53 on the day of the sale. The company has a market cap of approximately $36.92 billion. The price-earnings ratio of the stock is 7.95, which is lower than both the industry median of 14.17 and the company’s historical median.
According to the GF Value, the intrinsic value estimate for Delta Air Lines Inc, based on historical trading multiples, an adjustment factor from past returns and growth, and future business performance estimates, is $46.11. With the current price of $58.53, the stock is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.27.
This recent sale by the insider might be of interest to current and potential investors, providing insight into how insiders are interacting with their holdings in the company amidst its current market valuation.
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.
