On October 17, 2024, Michael Alkire, President & CEO of Premier Inc (PINC, Financial), executed a sale of 17,900 shares of the company at a price of $20 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 540,243 shares of Premier Inc.
Premier Inc, a healthcare improvement company, unites an alliance of approximately 4,100 U.S. hospitals and 200,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost.
Over the past year, Michael Alkire has sold a total of 96,033 shares of Premier Inc and has not made any purchases of the stock. The insider transaction history for Premier Inc shows a pattern of 21 insider sells and no insider buys over the past year, indicating a trend of insider sales.
Shares of Premier Inc were trading at $20 on the day of the sale, giving the company a market cap of approximately $2.02 billion. The price-earnings ratio of the company stands at 20.17, which is lower than the industry median of 24.42.
The current stock price relative to the GF Value of $29.37 suggests that Premier Inc is possibly undervalued, with a price-to-GF-Value ratio of 0.68. This valuation indicates that the stock might be a possible value trap, and potential investors should think twice.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the stock’s current valuation metrics such as the price-sales ratio, price-book ratio, and price-to-free cash flow in relation to the company's historical performance and industry averages.
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.
