Senior Vice President Nickle Lamoreaux sold 3,600 shares of International Business Machines Corp (IBM, Financial) on November 8, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 25,389.936 shares of the company.
International Business Machines Corp (IBM, Financial) is a global technology and consulting company headquartered in Armonk, New York. It provides a wide range of technology and consulting services including cloud computing, artificial intelligence, analytics, and hardware.
Over the past year, the insider has sold a total of 3,600 shares and has not made any purchases. This recent transaction follows a trend observed over the past year, where there have been 2 insider sells and 0 insider buys.
On the day of the sale, shares of IBM were priced at $215.2. This pricing positions IBM with a market cap of approximately $197.62 billion. The price-earnings ratio of IBM stands at 31.11, which is above both the industry median of 26.69 and the company's historical median.
According to the GF Value, the intrinsic value of IBM is estimated at $148.28 per share, making the current price represent a price-to-GF-Value ratio of 1.45. This suggests that IBM is significantly overvalued at its current price.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at current market prices.
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.
