On August 15, 2024, Akhil Jain, Executive Vice President, Consulting at Gartner Inc (NYSE:IT), sold 400 shares of the company at a price of $485 per share. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 4,839 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.
In the past year, Akhil Jain has sold a total of 1,000 shares of Gartner Inc. and made no purchases. Gartner Inc.’s insider transaction history shows a trend with 0 insider purchases and 51 insider sales in the past year.
In terms of valuation, Gartner Inc. shares were trading at $485 on the day of the insider’s recent transaction. This price gives the company a market capitalization of $37.37 billion. The company’s price-to-earnings ratio is 46.19, which is above the industry median of 25.52 and also above the company’s historical median.
According to GF Value, an estimate of intrinsic value calculated by GuruFocus, Gartner Inc. is considered slightly overvalued with a price-to-GF Value ratio of 1.18. The GF Value of $412.05 is based on historical trading multiples, an adjustment factor from past earnings and growth, and estimates of future business performance.
This sale by the insider could be of interest to current and prospective investors as it provides insight into insider confidence and valuation prospects at current price levels.
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.
