On May 3, 2024, Eric Parthemore, Director of StoneX Group Inc (SNEX, Financial), sold 2,250 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, over the past year, the insider has sold a total of 6,713 shares and has not purchased any shares.
StoneX Group Inc (SNEX, Financial) is a diversified financial services organization providing financial products and advisory services. The company's services include risk management, hedging, financing, and physical trading. StoneX serves clients from a variety of sectors including agriculture, commodities, and global markets.
The shares were sold at a price of $74.67, valuing the transaction at approximately $167,507.50. This sale occurred when StoneX Group Inc's market cap was approximately $2.42 billion.
Regarding valuation metrics, StoneX Group Inc has a price-earnings ratio of 10.70, which is below the industry median of 18.95. The company's stock is currently trading with a price-to-GF Value ratio of 2.06, indicating that it is significantly overvalued according to the GF Value estimate.
The insider transaction history for StoneX Group Inc shows a trend with 2 insider buys and 22 insider sells over the past year.
The GF Value, a proprietary measure used to estimate the fair value of stocks, suggests that StoneX Group Inc is currently priced well above its intrinsic value, based on historical trading multiples, an adjustment factor from past performance, and future business performance estimates provided by Morningstar analysts.
This recent insider activity could be of interest to current and potential investors, providing insights into how insiders are positioning themselves with respect to the stock's current valuation and market performance.
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.
