On August 13, 2024, James Smith, Director at Gartner Inc (NYSE:IT), completed a sale of 10,000 shares of the company’s stock. The transaction was reported through an SEC filing on the same day. Following this transaction, the insider now owns 574,218 shares of Gartner Inc.
Gartner Inc (NYSE:IT) is a leading research and advisory company that provides insights, advice and tools to IT, finance, human resources, legal and compliance, marketing, sales and supply chain leaders worldwide.
Over the past year, the insider has sold a total of 130,968 shares and purchased no shares. This recent sale is part of a broader trend seen at Gartner Inc., where there were 49 insider sales and no insider purchases over the past year.
Gartner Inc.’s stock price on the day of the sale was $480.08. The company’s market capitalization is approximately $37.31 billion. Gartner Inc.’s price-to-earnings ratio is 46.11, which is higher than both the industry median of 25.285 and the company’s historical median.
The current price of the stock also reflects a GF Value of $412.10, resulting in a Price to GF Value ratio of 1.16, indicating that the stock is slightly overvalued.
The GF value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.
This insider sale may be of interest to current and prospective investors as it provides insight into insider confidence and valuation prospects at Gartner Inc.
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.
