On September 16, 2024, Rachel Hayden, Senior Executive Vice President & Chief Information Officer of ScanSource Inc (SCSC, Financial), sold 6,343 shares of the company. The transaction was executed at a price of $46.54 per share, as detailed in the SEC Filing. Following this sale, the insider now owns 20,535 shares of ScanSource Inc.
ScanSource Inc is a technology company that provides technology products and solutions in North America, Latin America, and Europe. The company's offerings include point-of-sale (POS) and barcode, communications, and physical security solutions. ScanSource Inc serves businesses in various industries, aiming to streamline operations and enhance connectivity and security.
Over the past year, Rachel Hayden has sold a total of 9,925 shares and has not purchased any shares. This recent transaction follows a trend observed within ScanSource Inc, where there have been no insider buys but 17 insider sells over the past year.
The shares of ScanSource Inc were trading at $46.54 on the day of the sale, giving the company a market cap of approximately $1.15 billion. The price-earnings ratio of the company stands at 15.67, which is below the industry median of 20.8.
According to the GF Value, the intrinsic value estimate for ScanSource Inc is $32.09 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.45.
This valuation is based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by GuruFocus based on the company's past performance and estimated future business outcomes provided by Morningstar analysts.
The insider's recent sale could be of interest to current and potential investors, providing insights into insider confidence and valuation perspectives at current price levels.
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.
