Edward Baker-Greene, Executive Vice President and Chief Human Resources Officer of Iron Mountain Inc (NYSE:IRM), sold 2,262 shares of the company’s stock on August 20, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 9,049 shares of Iron Mountain Inc.
Iron Mountain Inc. specializes in storage and information management services, providing solutions for records storage, data management, document management, data centers, art storage, and logistics. The company is known for its secure storage facilities and data management services used by various industries worldwide.
Over the past year, Edward Baker-Greene has sold a total of 22,666 shares and purchased no shares. This latest transaction is part of a broader trend at Iron Mountain Inc., where there were 42 insider sales and no insider purchases over the past year.
Iron Mountain Inc. shares were trading at $109.75 on the day of the sale. The company has a market capitalization of approximately $32.88 billion. The company’s price-to-earnings ratio is 143.72, which is well above the industry average of 16.78 and above the company’s historical median.
The stock is currently considered significantly overvalued with a price-to-GF-Value ratio of 1.68 based on a GF Value of $65.31. The GF Value is calculated by taking into account historical trading multiples, a GuruFocus adjustment factor based on past earnings and growth, and future business development estimates from Morningstar analysts.
This insider sale may be of interest to investors who track insider behavior as an indicator of the company’s future performance and valuation. For more detailed information, investors should review SEC official filings and consider broader market trends and analysis.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
