On May 1, 2024, Richard Hume, Chief Executive Officer of TD Synnex Corp (SNX, Financial), sold 10,000 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider has sold a total of 100,000 shares over the past year, with no recorded purchases.
TD Synnex Corp (SNX, Financial) is a leading distributor and solutions aggregator for the IT ecosystem. The company's services include comprehensive logistics solutions, integration services, and technology solutions, which it provides to a broad range of clients globally.
On the date of the sale, shares of TD Synnex Corp were priced at $115.79. This pricing positions the company with a market cap of approximately $9.94 billion. The price-earnings ratio of the stock stands at 16.90, which is below the industry median of 23.69.
The GF Value of TD Synnex Corp is calculated at $105.80, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.09. The GF Value is derived from historical trading multiples, an adjustment factor based on the company's past performance, and future business projections.
The insider transaction history for TD Synnex Corp shows a trend of more sales than purchases among insiders, with 34 sales and no buys over the past year.
This sale by the insider aligns with the broader trend observed within the company, where insider activity has predominantly leaned towards selling rather than purchasing shares.
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.
