GuruFocus - On September 11, 2024, Michael Szabados, Chief Operating Officer of NetScout Systems Inc (NASDAQ:NTCT), sold 6,500 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 43,434 shares of NetScout Systems Inc.
NetScout Systems Inc, headquartered in Westford, Massachusetts, specializes in providing service assurance, troubleshooting, diagnostics, business analytics, and DDoS protection. The company caters to enterprises, government agencies, and telecommunications service providers.
According to the filing, the shares were sold at a price of $18.81 each. This sale is part of a series of transactions by the insider over the past year, during which Michael Szabados has sold a total of 21,500 shares and has not purchased any shares.
The overall insider transaction history for NetScout Systems Inc shows a trend of more sales than purchases among insiders. Over the past year, there have been zero insider buys and 10 insider sells.
As of the date of the sale, NetScout Systems Inc had a market cap of approximately $1.395 billion. The stock's price of $18.81 on the day of the sale, combined with a GF Value of $26.82, indicates that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.7.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by GuruFocus based on the companys past performance and estimated future business outcomes provided by Morningstar analysts.
This insider sale could be of interest to current and potential investors, providing insight into the actions of key executives within NetScout Systems 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.