Insider Sell: Chief Human Resources Officer Timmi Zalatoris Sells 5,353 Shares of Sprouts ...
Sprouts Farmers Market Inc (NASDAQ:SFM), a company specializing in fresh, natural, and organic products at affordable prices, has reported an insider sell according to a recent SEC filing. Chief Human Resources Officer Timmi Zalatoris sold 5,353 shares of the company on March 20, 2024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this SEC Filing link.Over the past year, Timmi Zalatoris has sold a total of 18,956 shares of Sprouts Farmers Market Inc and has not made any purchases of the stock. This latest transaction continues the trend of insider selling at the company, with a total of 38 insider sells and no insider buys over the past year.
On the day of the insider's recent sell, shares of Sprouts Farmers Market Inc were trading at $61.62, giving the company a market capitalization of $6.307 billion. The price-earnings ratio of the stock stands at 24.83, which is above both the industry median of 16.12 and the company's historical median price-earnings ratio.The stock's valuation, when compared to the GuruFocus Value (GF Value) of $37.28, indicates that Sprouts Farmers Market Inc is significantly overvalued with a price-to-GF-Value ratio of 1.65.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.Investors often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, it is important to note that insider selling does not always indicate a lack of confidence in the company, as insiders may sell shares for various personal reasons.
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.
