On September 13, 2024, Sanjay Goel, Executive Vice President & President, Asia-Pacific of American Tower Corp (AMT, Financial), sold 5,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 18,621 shares of American Tower Corp.
American Tower Corp (AMT, Financial) is a global provider of wireless communications infrastructure and next-generation wireless technologies. The company's portfolio includes wireless and broadcast towers, distributed antenna system (DAS) networks, rooftops, and services that speed network deployment.
Over the past year, Sanjay Goel has sold a total of 13,296 shares and has not purchased any shares. This recent sale is part of a broader trend observed in the company, where there have been 18 insider sells and no insider buys over the past year.
On the day of the sale, shares of American Tower Corp were trading at $238. This pricing gives the company a market cap of approximately $111.84 billion. The price-earnings ratio of the company stands at 45.01, which is above the industry median of 17.075.
The stock is considered Fairly Valued with a price-to-GF Value ratio of 1.09, based on a GF Value of $219.30. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking ownership changes and evaluating the stock based on current valuations and historical trading patterns.
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.
