Michael Urban, an insider at TD Synnex Corp (NYSE:SNX), sold 10,000 shares of the company on January 22, 2024, according to a recent SEC filing. The transaction was executed at an average price of $104.67 per share, resulting in a total value of $1,046,700.
TD Synnex Corp is a leading distributor and solutions aggregator for the IT ecosystem. The company's services include comprehensive logistics solutions, integration services, and technology solutions. By combining IT distribution with a broad range of services, TD Synnex Corp enables its partners to efficiently address the evolving needs of end-users in the technology landscape.
Over the past year, the insider has sold a total of 25,250 shares of TD Synnex Corp and has not made any purchases of the stock. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 36 insider sells for the company.
On the date of the insider's recent sale, TD Synnex Corp shares were trading at $104.67, giving the company a market capitalization of $9.394 billion. The stock's price-earnings ratio stood at 15.79, which is below the industry median of 22.41 and above the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a share price of $104.67 and a GuruFocus Value of $122.47, TD Synnex Corp has a price-to-GF-Value ratio of 0.85, indicating that the stock is modestly undervalued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at TD Synnex Corp.
The GF Value image provides a visual representation of the stock's valuation, suggesting that TD Synnex Corp is currently trading below its intrinsic value as estimated by GuruFocus.
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.
