Director Harold Covert sold 15,000 shares of Lumentum Holdings Inc (LITE, Financial) on November 12, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 8,761 shares of the company.
Lumentum Holdings Inc operates in the telecommunications and commercial lasers industry. The company designs and manufactures a range of optical and photonic products primarily for telecommunication networking, data communications, and commercial laser customers worldwide.
According to the filing, the shares were sold at a price of $87.17, valuing the transaction at approximately $1,307,550. This sale follows a pattern observed over the past year, where the insider has sold a total of 15,000 shares and made no purchases.
The insider transaction history for Lumentum Holdings Inc shows a trend of more sales than purchases among insiders, with 4 insider sells and 0 insider buys over the past year.
On the valuation front, Lumentum Holdings Inc's shares are currently trading at a price which gives the company a market cap of $5.848 billion. The stock's current price of $87.17 significantly exceeds the GF Value of $50.16, indicating a price-to-GF-Value ratio of 1.74. This suggests that the stock is significantly overvalued.
The GF Value is calculated considering historical multiples such as 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 analysts.
This recent insider sale could be a point of interest for investors and market watchers, providing insights into insider confidence and valuation perspectives at Lumentum Holdings Inc.
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.
