On November 15, 2024, Philip Brace, the Executive Chairman of Inseego Corp (INSG, Financial), purchased 10,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 177,763 shares of Inseego Corp.
Inseego Corp is a company that specializes in the design and development of fixed and mobile wireless solutions, aimed at empowering enterprises and consumers with high-speed data services. The company's products include mobile hotspots, routers, and modems, which are pivotal in managing intelligent device ecosystems.
Over the past year, the insider transaction history for Inseego Corp shows a trend of more purchases than sales among insiders, with a total of 1 insider buys and 0 insider sells. This recent purchase by Philip Brace aligns with the ongoing trend of insider confidence in the company's stock.
Shares of Inseego Corp were trading at $12.4 on the day of the transaction. The company currently holds a market cap of $192.024 million. According to the GF Value, the intrinsic value estimate of the stock is $8.59, which suggests that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.44.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from analysts.
This insider buying activity might be of interest to current and potential investors, as it reflects the actions of executives who are possibly optimistic about the company's future performance and valuation.
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.
