Director Stanley Stern has sold 1,825 shares of Ormat Technologies Inc (ORA, Financial) on March 28, 2024, according to a recent SEC filing. The transaction was executed at an average price of $66.95 per share, resulting in a total value of $122,178.75.
Ormat Technologies Inc is a company that operates in the energy sector, focusing on geothermal and recovered energy power. The company is engaged in the design, development, building, owning, and operation of clean, renewable energy plants, primarily geothermal energy production. It operates through three segments: Electricity, Product, and Energy Storage and Management Services.
Over the past year, Stanley Stern has sold a total of 3,743 shares of Ormat Technologies Inc and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of 7 insider sells and no insider buys over the same timeframe.
On the valuation front, Ormat Technologies Inc's shares were trading at $66.95 on the day of the insider's recent sale, giving the company a market cap of $3.928 billion. The price-earnings ratio stands at 31.14, which is above the industry median of 16.41 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.76, with a GF Value of $88.55, indicating that Ormat Technologies Inc is considered modestly undervalued according to GuruFocus's intrinsic value estimate. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
Investors and stakeholders in Ormat Technologies Inc may find this insider selling activity as a data point to consider in their analysis of the company's stock and its current valuation.
For more information on insider trades at Ormat Technologies Inc, interested parties can view the full SEC filing through the provided link.
SEC FilingThis 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.
