On August 2, 2024, Ann Drew, Chief Risk and Compliance Officer, sold 1,182 shares of WEX Inc (WEX, Financial) at a price of $172.73 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 5,584 shares of the company.
WEX Inc is a leading provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company operates in several segments, including fleet solutions, travel and corporate solutions, and health and employee benefit solutions.
Over the past year, Ann Drew has sold a total of 5,713 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 22 insider sells and only 2 insider buys over the past year.
As of the transaction date, WEX Inc shares were trading at $172.73, giving the company a market cap of approximately $6.90 billion. The price-earnings ratio stood at 29.07, which is above the industry median of 25.865.
According to the GF Value, the intrinsic value estimate for WEX Inc is $219.20 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.79.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of company performance and valuation perspectives.
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.
