Insider Sale at Gartner Inc (IT): EVP Claire Herkes Sells 478 Shares

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On September 13, 2024, Claire Herkes, Executive Vice President of Conferences at Gartner Inc (IT, Financial), sold 478 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 1,905 shares of Gartner Inc.

Over the past year, Claire Herkes has sold a total of 2,973 shares and has not purchased any shares. This recent transaction continues a trend observed within Gartner Inc, where insider sells have outnumbered buys. In the past year, there have been 59 insider sells and no insider buys.

Gartner Inc is a leading research and advisory company that provides insights, advice, and tools for leaders in IT, finance, HR, legal and compliance, marketing, sales, and supply chain functions across the world.

On the day of the sale, shares of Gartner Inc were priced at $506.01. This pricing gives the company a market cap of approximately $39.31 billion. The price-earnings ratio of Gartner Inc stands at 48.58, which is above both the industry median of 26.15 and the company's historical median.

According to the GF Value, the intrinsic value of Gartner Inc is estimated at $414.35 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.22.

The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.