On October 25, 2024, David Goeckeler, CEO of Western Digital Corp (WDC, Financial), executed a significant transaction by selling 75,000 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 821,630 shares of Western Digital Corp.
Western Digital Corp is a global provider of data storage technologies and solutions. The company designs, manufactures, and sells a range of products, including hard disk drives (HDDs) and solid state drives (SSDs), which are critical for data storage in various devices and data centers.
Over the past year, David Goeckeler has sold a total of 150,000 shares of Western Digital Corp and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 16 insider sells and no insider buys over the past year.
Shares of Western Digital Corp were trading at $72.59 on the day of the transaction. The company's market cap is approximately $24.10 billion. The price-earnings ratio of the stock stands at 42.51, which is above both the industry median of 23.4 and the company’s historical median.
According to the GF Value, the intrinsic value of Western Digital Corp is estimated at $41.18 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.76.
This valuation assessment is based on historical trading multiples such as the price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor that considers past returns and growth, and future business performance estimates from Morningstar analysts.
The insider transaction trends and valuation metrics provide a comprehensive view of the current financial landscape of Western Digital Corp, reflecting both the actions of its CEO and the market's valuation of the company.
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.
