On May 8, 2024, Mark Witkowski, the Chief Financial Officer of Core & Main Inc (CNM, Financial), sold 50,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail here.
Core & Main Inc, a distributor of water, sewer, storm drain, and fire protection products in the United States, has seen a significant amount of insider selling over the past year, with 45 insider sales and no insider buys. The insider, Mark Witkowski, has sold a total of 220,000 shares over the past year, indicating a consistent pattern of stock disposals by the insider.
On the date of the latest sale, shares of Core & Main Inc were priced at $59.5, resulting in a market cap of approximately $11.53 billion. The price-earnings ratio of the company stands at 27.68, which is above both the industry median and the company's historical median.
According to the GF Value, the intrinsic value of Core & Main Inc is estimated at $31.66 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.88.
The above insider trend image reflects the selling pattern at Core & Main Inc, with a notable absence of purchases from insiders, suggesting a potential lack of confidence in the stock's current valuation or future prospects.
The GF Value image further supports the notion that the stock is currently trading at a premium compared to its estimated intrinsic value.
This recent transaction and the ongoing insider selling trend at Core & Main Inc warrant attention from current and potential investors, especially considering the stock's valuation metrics and market performance.
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