A10 Networks Inc CEO Dhrupad Trivedi Sells 8,809 Shares
A10 Networks Inc (NYSE:ATEN), a company specializing in secure application services and solutions for on-premises, multi-cloud, and edge-cloud environments, has reported an insider sell transaction. According to a recent SEC Filing, the insider, CEO Dhrupad Trivedi, sold 8,809 shares of the company on January 24, 2024.
Over the past year, the insider has sold a total of 172,554 shares and has not made any purchases of the company's stock. The transaction history for A10 Networks Inc shows a pattern of insider selling, with 38 insider sells and no insider buys over the same timeframe.
On the date of the sale, A10 Networks Inc shares were trading at $14.03, resulting in a market capitalization of $1.022 billion. The price-earnings ratio of the company stood at 26.02, which is slightly below the industry median of 27.01 but above the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 0.97, with a GF Value of $14.43, indicating that A10 Networks Inc was Fairly Valued according to GuruFocus's intrinsic value estimate. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity within the company, providing investors with a visual representation of the insider transactions over the past year.
The GF Value image provides a visual guide to the stock's valuation, comparing the current share price to the calculated GF Value.
Investors and analysts often monitor insider transactions as they can provide insights into the insider's view of the company's stock value. However, it is important to consider a wide range of factors when evaluating the implications of insider selling.
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.
