The ODP Corp (ODP, Financial), a leading provider of business services, products, and digital workplace technology solutions, has reported an insider sale according to a recent SEC filing. Diego Scaglione, the Executive Vice President & Chief Financial Officer of the company, sold 25,000 shares of The ODP Corp on March 1, 2024.
Diego Scaglione’s transaction was executed at an average price of $55 per share, resulting in a total sale amount of $1,375,000. Following this transaction, the insider's stake in The ODP Corp has decreased, reflecting a notable change in their holdings.
Over the past year, Diego Scaglione has sold a cumulative total of 45,000 shares and has not made any purchases of the company's stock. This latest sale continues a trend of insider selling activity at The ODP Corp, with a total of 12 insider sells and no insider buys occurring over the same period.
The ODP Corp's stock market capitalization stands at $2.01 billion as of the date of the insider sale. The company's price-earnings ratio is 15.73, which is below the industry median of 17.91, indicating a potentially more attractive valuation compared to its peers. However, it is higher than the company's historical median price-earnings ratio.
Regarding the stock's valuation, The ODP Corp was trading at $55 on the day of the sale, aligning with a price-to-GF-Value ratio of 1.06. This suggests that the stock is Fairly Valued when considering the GF Value, which is based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into the company's performance and insider perspectives on the stock's value. The recent selling activity by the insider may attract attention from the market, as stakeholders consider the implications of such transactions on their investment decisions.
For more detailed information, interested parties can view the official SEC filing through the provided link: SEC Filing.
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.
