PAR Technology Corp CFO Bryan Menar Sells 6,069 Shares
PAR Technology Corp (NYSE:PAR), a company specializing in systems and service solutions for the hospitality industry, has reported an insider sale according to a recent SEC filing. The insider, Chief Financial Officer Bryan Menar, sold 6,069 shares of the company on March 7, 2024.Bryan Menar has been active in the market over the past year, with a total of 6,069 shares sold and no shares purchased. This latest transaction continues the trend of insider sales for the company, with a total of 2 insider sells recorded over the past year and no insider buys during the same period.
On the date of the sale, shares of PAR Technology Corp were trading at $41.93, giving the company a market capitalization of $1.179 billion. The sale by the insider occurred at a price point that is below the GuruFocus Value (GF Value) of $47.62, suggesting that the stock is modestly undervalued based on the GF Value metric.
The GF Value is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. Additionally, an adjustment factor is applied based on the company's historical returns and growth, and future business performance estimates provided by Morningstar analysts are also taken into account.The insider's recent sale may provide investors with insight into the insider's perspective on the stock's valuation and future prospects. However, it is important for investors to consider a wide range of factors, including market conditions, company performance, and broader economic indicators, when 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.
