On November 6, 2024, Todd Kelsey, President & CEO of Plexus Corp (PLXS, Financial), executed a sale of 8,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 77,026 shares of Plexus Corp.
Plexus Corp specializes in providing Electronic Manufacturing Services (EMS) to companies in the healthcare/life sciences, industrial/commercial, communications, and aerospace/defense sectors. The company assists in transforming concepts into branded products and delivers them to the market.
Over the past year, Todd Kelsey has sold a total of 75,689 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within Plexus Corp, where there have been 44 insider sells and no insider buys over the last year.
Shares of Plexus Corp were priced at $156.65 on the day of the sale. The company's market cap is approximately $4.54 billion. Plexus Corp's price-earnings ratio stands at 41.59, which is above both the industry median of 23.42 and the company's historical median.
The stock's valuation according to the GF Value is $101.54, indicating a price-to-GF-Value ratio of 1.54. This suggests that Plexus Corp is significantly overvalued based on its GF Value.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future prospects and valuation alignment.
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.
