On August 19, 2024, John Tomovcsik, Executive Vice President and Chief Operating Officer of Iron Mountain Inc (NYSE:IRM), sold 1,000 shares of the company’s stock at a price of $110 per share. This transaction was documented in a recent SEC filing. Following this sale, the insider now owns 14,000 shares of Iron Mountain Inc.

Iron Mountain Inc. specializes in storage and information management services, providing solutions such as record storage, data management, document management, data centers, art storage and logistics, and secure document destruction to help organizations reduce costs and risks, comply with regulations, recover from disasters, and enable a more digital way of working.

Over the past year, John Tomovcsik has sold a total of 83,309 shares of Iron Mountain Inc. and made no purchases. This recent sale is part of a broader trend within the company, where there were 42 insider sales and no insider purchases over the past year.

Iron Mountain Inc. shares traded at $110 on the day of the sale, giving the company a market capitalization of approximately $32.88 billion. The company’s price-to-earnings ratio is 143.72, well above the industry median of 16.78 and above the company’s historical median.

According to GF Value, the estimated intrinsic value of Iron Mountain Inc. is $65.31 per share, making the stock significantly overvalued with a price-to-value ratio of 1.68.

This valuation and insider selling trend may be of interest to current and prospective investors as it reflects both the insider’s actions and the current valuation of the stock relative to its estimated fair value.

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.