Justine Page, the PageDirector at Broadcom Inc (NASDAQ: AVGO), sold 312 shares of the company at $1,800 per share on June 17, 2024. Following the transaction, Page now owns 3,002 shares in the company. Broadcom Inc is a global technology leader that provides semiconductor and infrastructure software solutions for various markets. Over the past year, Page has sold a total of 565 shares of Broadcom Inc stock and made no purchases, continuing a trend of insider selling at the company. There were 21 insider sales and only 2 insider purchases at Broadcom Inc last year.
Broadcom Inc shares were trading at $1,800 on the last sale date, with a market capitalization of approximately $807.5 billion. The company’s earnings rate over the price is 74.60, much higher than the industry average of 34.09. Stock valuation metrics suggest that Broadcom Inc is significantly overvalued, with a GF value of $859.51 and a GF price-to-value ratio of 2.09. These valuations are based on historical multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-free cash flow, as well as on analyst projections of future business performance.
The recent insider transaction involving Justine Page may be of interest to investors looking for insights into insider sentiment and potential stock movements. It is important to note that this information is general in nature and not personalized financial advice. The analysis provided by GuruFocus is based on historical data and analyst projections, using an unbiased methodology. It does not provide specific buy or sell recommendations and does not take individual investment objectives or financial circumstances into account. The goal is to offer data-driven, long-term fundamental analysis, but it may not include the most recent company announcements or qualitative information. GuruFocus does not have a position in the stocks discussed in the article.
Article Source
https://uk.finance.yahoo.com/news/insider-sale-director-justine-page-070915548.html
