On May 29, 2024, Charles Robbins, the President and CEO of Cisco Systems Inc. (NASDAQ:CSCO), sold 26,331 shares of the company, as reported in a recent SEC filing. Following this transaction, Robbins now owns 725,363 shares of Cisco Systems Inc. The company, headquartered in San Jose, California, is a global technology leader that designs and sells a broad range of products, services, and offers integrated solutions for building and connecting networks around the world. Cisco operates in several segments, including networking, security, and collaboration technologies.
Over the last year, Robbins has sold a total of 354,097 shares of Cisco Systems Inc. and has not made any purchases of shares. This recent sale is part of a broader trend within the company, where there have been 38 insider sales and no insider purchases over the last year. On the day of the sale, Cisco Systems Inc. shares were trading at $46.1, with a market cap of approximately $187.34 billion. The company’s earnings ratio on price stands at 15.66, which is lower than the industry average of 24.07 and also below the company’s historical average.
According to FG value, Cisco Systems Inc.’s intrinsic value is estimated at $52.08 per share, suggesting that the stock is modestly undervalued with a GF price-to-value ratio of 0.89. Insider transaction trends and valuation metrics can provide insight into a company’s financial health and insider sentiment.
For more detailed information and analysis on Cisco Systems Inc’s financial health and market performance, interested parties are encouraged to review the complete documentation and available financial metrics. This article, generated by GuruFocus, offers general information and is not personalized financial advice. The commentary is based on historical data and analyst projections, using an unbiased methodology, and is not intended to provide specific investment guidance.
It does not offer a recommendation to buy or sell any stock and does not take into account individual investment objectives or financial circumstances. The goal is to provide long-term, data-driven, fundamental analysis. Please note that the analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold any positions in the stocks mentioned in the article.
Article Source
https://finance.yahoo.com/news/insider-sale-charles-robbins-sells-230048061.html