On February 18, 2025, Wajid Ali, Executive Vice President & Chief Financial Officer of Lumentum Operations LLC, a subsidiary of Lumentum Holdings Inc (LITE, Financial), sold 2,172 shares of the company. Following this transaction, the insider now owns 51,976 shares of Lumentum Holdings Inc. Lumentum Holdings Inc is a company that provides optical and photonic products for a range of end-market applications, including data communications and telecommunications. The company is known for its innovative solutions in the field of optical networking and commercial lasers. The insider's recent sale is part of a broader trend observed over the past year, where Wajid Ali has sold a total of 32,059 shares and purchased none. This activity aligns with the overall insider transaction history for Lumentum Holdings Inc, which shows zero insider buys and nine insider sells over the past year. On the day of the sale, shares of Lumentum Holdings Inc were trading at $78.34, giving the stock a market cap of $5,078.242 million. The stock's price was significantly above its GF Value of $50.98, resulting in a price-to-GF-Value ratio of 1.54, indicating that the stock is considered significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also incorporates a GuruFocus adjustment factor based on the company’s past returns and growth, along with future estimates of business performance from Morningstar analysts. For more details on the insider transaction, please refer to the SEC Filing.
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.
