Logitech International SA (NASDAQ:LOGI) COO Prakash Arunkundrum sold 23,722 shares of the company's stock on February 26, 2024, according to a recent SEC filing. The transaction was executed at an average price of $90 per share, resulting in a total value of $2,134,980.
Logitech International SA is a global provider of personal computer and mobile accessories. The company offers a variety of products, including mice, keyboards, tablet accessories, webcams, Bluetooth speakers, and universal remotes, among others. Logitech is known for its innovation and quality in the computer peripherals market.
Over the past year, the insider has sold a total of 30,916 shares and has not made any purchases of the company's stock. The recent sale by the insider is part of a series of transactions over the same period, with 5 insider sells and no insider buys reported.
On the valuation front, Logitech International SA's shares were trading at $90 on the day of the insider's sale, giving the company a market capitalization of $14.009 billion. The price-earnings ratio stands at 29.43, which is above both the industry median of 23.12 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.36, with a GF Value of $66.42, indicating that Logitech International SA is significantly overvalued according to GuruFocus's valuation model.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from 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.
