GuruFocus - Timothy Lalonde, the Chief Financial Officer of Evercore Inc (NYSE:EVR), executed a sale of 3,750 shares of the company on August 21, 2024, according to a recent SEC Filing. Post-transaction, the insider owns 40,563 shares of the company. The shares were sold at a price of $238.72, valuing the transaction at approximately $895,200.
Evercore Inc (NYSE:EVR) is a global independent investment banking advisory firm. It provides advisory services on mergers, acquisitions, divestitures, restructurings, and other strategic corporate transactions. Evercore also has investment management services, focusing on institutional asset management and personal wealth management.
Over the past year, Timothy Lalonde has sold a total of 9,587 shares of Evercore Inc and has not made any purchases. The insider transaction history for Evercore Inc shows a trend with 0 insider buys and 7 insider sells over the past year.
Shares of Evercore Inc were trading at $238.72 on the day of the sale, giving the company a market cap of approximately $9.18 billion. The price-earnings ratio of the company stands at 33.12, which is above both the industry median of 17.81 and the companys historical median.
According to the GF Value, the intrinsic value estimate for Evercore Inc is $127.57 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.87.
This sale by the insider could be of interest to investors tracking insider behaviors and evaluating the stocks valuation metrics in relation to its current trading price.
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.
This content was originally published on Gurufocus.com
![Insider Sale: CFO Timothy Lalonde Sells Shares of Evercore Inc (EVR)](https://d68-invdn-com.investing.com/content/picbf040eda3021378d7e8bec96ab5eec91.png)