GuruFocus - On September 4, 2024, Dennis Fehr, Senior Vice President and Chief Financial Officer of Cognex Corp (NASDAQ:CGNX), purchased 6,570 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 6,570 shares of Cognex Corp.
Cognex Corp specializes in machine vision products that capture and analyze visual information to automate tasks primarily in manufacturing processes. The company is a leader in the field of vision systems, vision software, vision sensors, and industrial barcode readers used in manufacturing automation.
Over the past year, Dennis Fehr has engaged in multiple transactions, purchasing a total of 6,570 shares and selling none. This recent acquisition aligns with a broader pattern of insider activity at the company. Over the last year, there have been 2 insider buys and 2 insider sells at Cognex Corp.
On the date of the insider's latest purchase, shares of Cognex Corp were priced at $38.04, resulting in a market cap of approximately $6.67 billion. The stock's price-earnings ratio stands at 86.42, significantly above both the industry median and the company's historical median.
According to the GF Value, which estimates the intrinsic value of a stock based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates, Cognex Corp has a GF Value of $43.37. With the current stock price at $38.04, the price-to-GF-Value ratio is 0.88, indicating that the stock is Modestly Undervalued.
This insider buying activity could be a signal to investors about the perceived value of the stock at current prices, especially in the context of the company's valuation metrics and market performance.
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.
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