On August 28, 2024, William Martin, Chief Strategy Officer of Immersion Corp (IMMR, Financial), purchased 20,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 1,369,265 shares of Immersion Corp.
Immersion Corp specializes in the development and licensing of touch feedback technology. The company's technology is used in a variety of products including automotive controls, medical devices, and consumer electronics.
The transaction occurred with shares priced at $8.76, valuing the purchase at $175,200. This acquisition has increased the insider's stake in the company significantly, reflecting a strong commitment to the company's future.
Over the past year, the insider transaction history at Immersion Corp shows a trend with 3 insider buys and 2 insider sells. The recent purchase by William Martin aligns with an overall positive buying trend within the company's insiders.
Currently, Immersion Corp has a market cap of $279.665 million. The stock's price-earnings ratio stands at 4.24, which is significantly lower than the industry median of 25.855. This valuation suggests that the stock is trading at a lower multiple compared to its peers.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Immersion Corp is currently valued at $29.93 per share, making the stock's price-to-GF-Value ratio 0.29. This indicates that the stock might be a possible value trap, and potential investors should think twice before investing based on its GF Value.
This insider buy could signal a belief in the company's value or expected future performance, despite the current market valuation and GF Value assessment suggesting caution.
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.
