On September 17, 2024, Director Wendy Murdock sold 8,500 shares of Iron Mountain Inc (IRM, Financial) at a price of $116.38 per share. The transaction, detailed in the SEC Filing, resulted in a total sale amount of $989,230. Following this sale, the insider now owns 14,829 shares of the company.
Iron Mountain Inc specializes in storage and information management services, providing solutions that include records storage, data management, document management, data centers, art storage and logistics, and secure shredding to help organizations lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.
Over the past year, Wendy Murdock has sold a total of 13,547 shares of Iron Mountain Inc and has not made any purchases of the stock. This recent transaction follows a trend observed over the last year, where there have been 41 insider sells and no insider buys at Iron Mountain Inc.
Shares of Iron Mountain Inc were trading at $116.38 on the day of the sale, giving the company a market cap of approximately $34.16 billion. The price-earnings ratio stands at 149.29, significantly above both the industry median of 16.97 and the company's historical median.
The stock is currently considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 1.77. The GF Value of $65.84 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors as they evaluate the stock's current valuation and consider the insider's ongoing transactions in the context of the company's financial position and market performance.
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.
