On August 15, 2024, Craig Safian, Executive Vice President and Chief Financial Officer of Gartner Inc (NYSE:IT), sold 6,310 shares of the company’s stock. The transaction was conducted at a share price of $483.57, as described in the SEC filing. Following this sale, the insider now owns 71,544 shares of Gartner Inc.

Gartner Inc. 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, Craig Safian has sold a total of 15,470 shares of Gartner Inc. and made no purchases. This latest transaction is part of a broader trend seen within the company. Over the past year, there have been 51 insider sales and no insider purchases.

In terms of valuation, Gartner Inc. shares are currently trading at a price-to-earnings ratio of 46.19, which is above both the industry median of 25.52 and the company’s historical median. The company’s market capitalization is $37.37 billion.

According to GF Value, Gartner Inc.’s estimated intrinsic value is $412.05 per share, making the stock slightly overvalued at a price-to-value ratio of 1.17.

The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted for the company’s past performance and estimated future business results.

This sale by the insider could be of interest to current and prospective investors as it provides insight into the insider’s view on the current valuation and future prospects of the stock.

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.

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