On August 12, 2024, Janice Chaffin, Director at PTC Inc (NASDAQ:PTC), sold 4,000 shares of the company at a price of $171.34 per share. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 44,137 shares of PTC Inc.
PTC Inc. operates in the technology sector and offers a range of solutions that enable process optimization and product development in industries such as manufacturing, healthcare, and retail. The company’s offerings include computer-aided design (CAD) software, product lifecycle management (PLM) tools, and augmented reality (AR) products.
Over the past year, Janice Chaffin has sold a total of 12,000 shares of PTC Inc. and made no purchases. This recent transaction is part of a broader trend at PTC Inc., where there have been 24 insider sales and no insider purchases over the past year.
On the day of the sale, PTC Inc. shares were trading at $171.34, giving the company a market capitalization of approximately $20.67 billion. The company’s price-to-earnings ratio is 70.24, well above the industry median of 25.36 and the company’s historical median.
According to GF Value, an estimate of intrinsic value calculated by GuruFocus, PTC Inc. is currently slightly overvalued with a price-to-GF Value ratio of 1.14. The GF Value of $150.81 is based on historical trading multiples, an adjustment factor from GuruFocus and estimates of future business performance from Morningstar analysts.
This insider sale may be of interest to investors who follow insider behavior as an indicator of the company’s future performance and valuation.
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 the stocks mentioned here.
This article first appeared on GuruFocus.
