On November 5, 2024, Terrence Glarner, Director at NVE Corp (NVEC, Financial), executed a sale of 500 shares of the company at a price of $73.46 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now directly owns 700 shares of NVE Corp.
NVE Corp (NVEC, Financial) is a technology firm that develops and sells devices leveraging nanotechnology. The company's products include sensors and couplers that are used in a variety of applications across various industries.
Over the past year, Terrence Glarner has sold a total of 1,319 shares and has not purchased any shares. This recent transaction continues a trend of insider sales at NVE Corp, with a total of four insider sales and no insider buys reported over the past year.
Shares of NVE Corp were trading at $73.46 on the day of the sale, giving the company a market cap of $360.28 million. The price-earnings ratio of the stock is 22.31, which is lower than the industry median of 34.21 and also below the company’s historical median.
The GF Value of NVE Corp is $62.59, indicating that with a current price of $73.46, the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.17.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to current and potential investors as they evaluate their positions in NVE Corp, considering both the insider trading trends and the company's current valuation metrics.
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.
