On February 6, 2024, Chief Operating Officer Prakash Arunkundrum sold 7,194 shares of Logitech International SA (LOGI, Financial), according to a recent SEC Filing. The transaction was executed with the shares priced at $85 each, resulting in a total sale amount of $611,490.
Logitech International SA is a global provider of personal computer and mobile accessories. The company designs and markets products like mice, keyboards, tablet accessories, webcams, Bluetooth speakers, and more. Logitech has established a broad presence in the market with its focus on innovation and quality.
Over the past year, the insider has sold a cumulative total of 7,194 shares and has not made any purchases of the company's stock.
The insider transaction history at Logitech International SA indicates a pattern of sales by insiders over the past year, with 3 insider sells recorded and no insider buys.
On the day of the insider's recent sale, Logitech International SA's shares were trading at $85, giving the company a market capitalization of $13.243 billion. The price-earnings ratio stood at 27.77, above both the industry median of 21.48 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.21, suggesting that Logitech International SA was modestly overvalued when compared to the GF Value of $70.43. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
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.
