Insider Sale at IES Holdings Inc (IESC): President and COO Matthew Simmes Sells 14,000 Shares
On May 7, 2024, Matthew Simmes, President and Chief Operating Officer of IES Holdings Inc (NASDAQ:IESC), sold 14,000 shares of the company. The transaction was filed with the SEC.
IES Holdings Inc operates in the technology and infrastructure industries, providing electrical and mechanical design and construction services. The company has a market cap of $3.6 billion.
Following this transaction, the insider's total sales over the past year amount to 20,000 shares, with no recorded purchases. The broader insider transaction history at IES Holdings Inc shows a pattern of 21 insider sales and no insider buys over the past year.
On the valuation front, IES Holdings Inc's shares were priced at $170.52 on the day of the sale. The company's price-earnings ratio stands at 26.88, which is above both the industry median of 15.53 and the company's historical median.
The GF Value, an intrinsic value estimate from GuruFocus, is set at $69.86, suggesting that the stock is significantly overvalued with a price-to-GF-Value ratio of 2.44.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This sale by Matthew Simmes might draw investor attention due to the significant valuation gap indicated by the GF Value and the current market price, alongside the ongoing insider selling trend at IES Holdings Inc.
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.
This article first appeared on GuruFocus.
