On November 22, 2024, [Charlie Bass](https://www.gurufocus.com/insider/67766/charlie-bass), Director and 10% Owner of [Socket Mobile Inc (SCKT, Financial)](https://www.gurufocus.com/stock/SCKT/summary), purchased 10,000 shares of the company, as reported in the [SEC Filing](http://www.sec.gov/Archives/edgar/data/944075/000094407524000094/xslF345X01/primary_doc.xml). Following this transaction, the insider now holds 1,571,651 shares of the company. Socket Mobile Inc is a provider of data capture and delivery solutions. The company designs and produces a wide range of barcode scanners and mobile data collection devices, which are used in various industries including retail, healthcare, and logistics. The insider's recent purchase is part of a broader trend, as over the past year, Charlie Bass has acquired a total of 260,000 shares and has not sold any shares. This activity is consistent with the overall insider transaction history for Socket Mobile Inc, which shows 26 insider buys and 5 insider sells over the past year.  On the day of the recent purchase, shares of Socket Mobile Inc were trading at $1.47, resulting in a [market cap](https://www.gurufocus.com/term/mktcap/SCKT) of $11.181 million. The stock's [GF Value](https://www.gurufocus.com/term/gf-value/SCKT) is estimated at $1.45, giving it a price-to-GF-Value ratio of 1.01, indicating that the stock is fairly valued.  The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as the [price-earnings ratio](https://www.gurufocus.com/term/pe-ratio/SCKT), [price-sales ratio](https://www.gurufocus.com/term/ps-ratio/SCKT), [price-book ratio](https://www.gurufocus.com/term/pb-ratio/SCKT), and [price-to-free cash flow](https://www.gurufocus.com/term/price-to-free-cash-flow/SCKT). It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.
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.
