Antonio Neri, President and Chief Executive Officer of Hewlett Packard Enterprise Co (HPE, Financial), executed a sale of 250,000 shares of the company on October 14, 2024. The transaction was filed with the SEC and details that the shares were sold at a price of $20.73 each. Following this transaction, the insider now owns 1,508,641 shares of Hewlett Packard Enterprise Co.
Hewlett Packard Enterprise Co, a global edge-to-cloud company, helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, Hewlett Packard Enterprise delivers unique, open, and intelligent technology solutions as a service. With offerings spanning Cloud Services, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage, HPE provides a diverse portfolio of products and services that enable customers to harness the power of their data while reducing complexity and expense.
Over the past year, Antonio Neri has sold a total of 865,945 shares of the company and has not made any purchases. The insider transaction history for Hewlett Packard Enterprise Co shows a pattern of 25 insider sells and no insider buys over the past year.
Shares of Hewlett Packard Enterprise Co were trading at $20.73 on the day of the sale, giving the company a market cap of approximately $27.13 billion. The price-earnings ratio of the stock stands at 14.92, which is lower than the industry median of 22.69.
According to the GF Value, the intrinsic value of Hewlett Packard Enterprise Co is estimated at $16.56 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.25.
This sale by the insider might be of interest to investors tracking insider behaviors and the valuation metrics of Hewlett Packard Enterprise Co, especially considering the company's current market position and valuation status.
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