On September 19, 2024, Eve Burton, Director at Intuit Inc (INTU, Financial), executed a sale of 2,988 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 0 shares of Intuit Inc. The shares were sold at a price of $649.87 each, totaling approximately $1,942,206.36.
Intuit Inc (INTU, Financial) is a leading provider of financial management, accounting, and tax preparation solutions for small businesses, consumers, and accounting professionals. Among its products are TurboTax, QuickBooks, Mint, and the Credit Karma platform, which help customers manage their financial data and compliance requirements effectively.
Over the past year, the insider transaction history at Intuit Inc shows a trend of more sales than purchases among insiders. There have been 26 insider sales and no insider buys. This pattern of insider behavior can provide insights into the company's stock performance and insider sentiment.
Regarding the company's valuation, Intuit Inc's shares are currently trading at a price-earnings ratio of 61.35, which is significantly higher than the industry median. The company's market cap is approximately $179.69 billion, reflecting its substantial size and influence in the technology and financial services sectors.
The stock's current price of $649.87 aligns closely with its GF Value of $623.45, indicating that it is Fairly Valued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by analysts.
This sale by the insider could be interpreted in various ways, but it is essential for investors to consider broader market conditions, the company's performance, and other insider transactions when making investment decisions.
For more detailed information on Intuit Inc's financial health and stock performance, investors and stakeholders are encouraged to review the company's public filings and market analysis reports.
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.
