On January 10, 2024, William Meaney, President and CEO of Iron Mountain Inc (IRM, Financial), executed a sale of 31,750 shares of the company. The transaction was filed with the SEC and can be found in detail here.
Iron Mountain Inc is a global business dedicated to storing, protecting, and managing information and assets. Organizations across the globe trust Iron Mountain to store and protect their information due to the company's robust security measures and reliable service.
Over the past year, the insider has sold a total of 418,443 shares and has not made any purchases. This latest sale continues a trend observed over the past year, where there have been no insider buys and 37 insider sells for Iron Mountain Inc.
On the date of the sale, shares of Iron Mountain Inc were trading at $67.33, resulting in a market capitalization of $18.975 billion. The price-earnings ratio of the stock stood at 70.48, which is significantly above both the industry median of 18.01 and the historical median price-earnings ratio for the company.
The stock's price-to-GF-Value ratio was 1.15, with a GF Value of $58.54, indicating that Iron Mountain Inc was considered Modestly Overvalued according to GuruFocus's valuation metrics.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's 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.
