Airbnb Inc (ABNB) CTO Aristotle Balogh Sells 72,976 Shares
Airbnb Inc (NASDAQ:ABNB), the online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities, has reported an insider sale according to a recent SEC filing. Aristotle Balogh, the Chief Technology Officer of Airbnb Inc, sold 72,976 shares of the company on March 8, 2024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this SEC Filing link.Over the past year, the insider has sold a total of 334,576 shares of Airbnb Inc and has not made any purchases of the stock. This latest transaction continues a trend of insider sales at the company, with a total of 126 insider sells and no insider buys over the past year.
On the date of the sale, shares of Airbnb Inc were trading at $167, giving the company a market capitalization of $106.312 billion. The price-earnings ratio of the company stood at 23.02, which is above the industry median of 20.65 but below the historical median for Airbnb Inc.The stock's valuation, as measured by the price-to-GF-Value ratio, was 1.02, indicating that Airbnb Inc was Fairly Valued in relation to its intrinsic value estimate according to GuruFocus's GF Value. The GF Value is calculated based on historical trading multiples, an adjustment factor for past returns and growth, and future business performance estimates provided by Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's valuation and future prospects. The consistent pattern of insider sales at Airbnb Inc may be a point of interest for stakeholders and potential investors.
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.
