On November 13, 2024, Director Joseph Farrelly sold 2,975 shares of Corpay Inc (CPAY, Financial) at a price of $375.18 per share, as reported in the SEC Filing. Following this transaction, the insider now owns 10,530 shares of the company.
Corpay Inc is a leading firm in the financial technology sector, providing a range of payment solutions and services designed to help businesses manage their expenditures and financial transactions more efficiently.
Over the past year, Joseph Farrelly has engaged in multiple transactions involving the company's stock, selling a total of 6,200 shares and purchasing none. This recent sale is part of a broader trend observed within Corpay Inc, where there have been nine insider sales and no insider buys over the past year.
Shares of Corpay Inc were trading at $375.18 on the day of the sale, giving the company a market cap of $25.812 billion. The price-earnings ratio of the stock stands at 26.41, which is slightly lower than the industry median of 26.815 and also below the company’s historical median.
According to the GF Value, the intrinsic value of Corpay Inc is estimated at $306.51 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.22.
The GF Value is calculated considering historical trading multiples such as 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 sale by Director Joseph Farrelly provides an insight into the insider activity at Corpay Inc, reflecting a trend of insider sales amidst the company's current valuation status.
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.
