GuruFocus - On September 9, 2024, Akhil Jain, Executive Vice President, Consulting at Gartner Inc (NYSE:IT), sold 500 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 4,339 shares of Gartner Inc.
Gartner Inc is a leading research and advisory company that provides insights, advice, and tools for leaders in IT, finance, HR, legal and compliance, marketing, sales, and supply chain functions across the world.
Over the past year, Akhil Jain has sold a total of 1,500 shares of Gartner Inc and has not made any purchases of the stock. The insider transaction history for Gartner Inc shows a trend with 0 insider buys and 55 insider sells over the past year.
On the day of the sale, shares of Gartner Inc were trading at $492, valuing the company with a market cap of $38.51 billion. The price-earnings ratio of the company stands at 47.60, which is above the industry median of 25.83 and also higher than the companys historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Gartner Inc is currently modestly overvalued. The GF Value of $413.91 suggests a price-to-GF-Value ratio of 1.19.
The valuation metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjustments for past performance, and future business estimates from analysts.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's current valuation and future prospects.
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
