Chief Legal Officer David Vetter of TD Synnex Corp (SNX, Financial) sold 20,000 shares of the company on October 18, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 66,381 shares of the company.
TD Synnex Corp is a leading distributor and solutions aggregator for the IT ecosystem. The company's services include comprehensive logistics solutions, integration services, and technology solutions, which are critical in the IT supply chain.
Over the past year, the insider has sold a total of 20,000 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 27 insider sells and no insider buys over the past year.
Shares of TD Synnex Corp were trading at $123.14 on the day of the transaction. The company has a market cap of approximately $10.27 billion. The price-earnings ratio of the stock is 15.62, which is lower than the industry median of 22.935.
The stock's GF Value is estimated at $112.69, leading to a price-to-GF-Value ratio of 1.09, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of the company's future prospects and valuation alignment.
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.
