On February 26, 2024, Director Samme Thompson sold 2,527 shares of American Tower Corp (AMT, Financial), as reported in a recent SEC filing. The transaction was executed with the shares priced at $190.22 each, resulting in a total sale amount of $480,785.94.
American Tower Corp (AMT, Financial) is a global provider of wireless communications infrastructure and next-generation wireless technologies. The company owns and operates a portfolio of communication sites, including wireless and broadcast towers, rooftops, and other structures that support antennas used for wireless communication. American Tower Corp's extensive portfolio of assets enables a range of services for mobile operators, radio and television broadcast companies, wireless data and data transmission service providers, government agencies, and municipalities.
Over the past year, the insider, Samme Thompson, has sold a total of 2,527 shares of American Tower Corp and has not made any purchases of the stock. This latest transaction continues a trend observed over the past year, where there have been no insider buys and a total of 9 insider sells for the company.
The market capitalization of American Tower Corp stands at $90.324 billion, reflecting the company's significant presence in the wireless communications infrastructure industry. However, the stock's price-earnings ratio is currently 126.64, which is substantially higher than the industry median of 16.63 and also exceeds the company's historical median price-earnings ratio.
According to the GuruFocus Value assessment, with a share price of $190.22 and a GF Value of $279.91, American Tower Corp has a price-to-GF-Value ratio of 0.68. This indicates that the stock is considered a Possible Value Trap, and investors should think twice based on its GF Value.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, 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. The recent sale by Director Samme Thompson may attract attention from the market as stakeholders evaluate the implications of this insider activity.
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.
