Insider Sell: Justin Peterson Sells 13,550 Shares of Tradeweb Markets Inc
On October 16, 2023, Justin Peterson, the Chief Technology Officer of Tradeweb Markets Inc (NASDAQ:TW), sold 13,550 shares of the company. This move is part of a trend for the insider, who over the past year has sold a total of 77,284 shares and purchased none.
Justin Peterson is a key figure in Tradeweb Markets Inc, serving as the Chief Technology Officer. His role involves overseeing the technological advancements and strategies of the company, ensuring that it stays competitive in the rapidly evolving digital marketplace.
Tradeweb Markets Inc is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. The company provides services to the financial community, including institutional, wholesale and retail markets. Its technology platform, products and services connect clients to global liquidity pools that enable price discovery, trade execution and workflow efficiency.
The insider's recent sell has raised some eyebrows in the financial community. Over the past year, there have been no insider buys for Tradeweb Markets Inc, but there have been 20 insider sells. This trend is illustrated in the following image:
On the day of the insider's recent sell, shares of Tradeweb Markets Inc were trading for $83.88 apiece. This gives the stock a market cap of $17.56 billion. The price-earnings ratio is 52.94, which is higher than the industry median of 18.23 and lower than the companys historical median price-earnings ratio.
With a price of $83.88 and a GuruFocus Value of $79.77, Tradeweb Markets Inc has a price-to-GF-Value ratio of 1.05. This means the stock is fairly valued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus that is calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts. The GF Value is illustrated in the following image:
The insider's sell, coupled with the lack of insider buys over the past year, could be seen as a bearish signal. However, the stock's fair valuation suggests that it may still hold potential for investors. As always, investors should conduct their own due diligence and consider multiple factors before making investment decisions.
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.
