A10 Networks Inc CEO Dhrupad Trivedi Sells 21,498 Shares
Dhrupad Trivedi, CEO of A10 Networks Inc (NYSE:ATEN), executed a sale of 21,498 shares in the company on January 29, 2024, according to a recent SEC Filing. A10 Networks Inc is a provider of advanced application networking technologies. Its solutions enable enterprises, service providers, and government organizations to secure, optimize, and scale their data center and cloud applications and networks.
Over the past year, the insider has sold a total of 179,019 shares and has not made any purchases. The recent transaction is part of a series of sales by the insider, contributing to a total of 36 insider sells over the past year, with no insider buys recorded in the same period.
On the date of the insider's recent sale, shares of A10 Networks Inc were trading at $13.58, giving the company a market capitalization of $994.194 million. The price-earnings ratio of the stock stood at 25.30, which is below the industry median of 26.765 and also below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 0.94, with a GF Value of $14.47, indicating that A10 Networks Inc was Fairly Valued based on its GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in 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 insider selling activity at A10 Networks Inc.
The GF Value image provides a visual representation of the stock's current valuation in relation to its GuruFocus Value.
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.
