TechnipFMC PLC Director de Carvalho Filho Eleazar Sells 12,491 Shares
Director de Carvalho Filho Eleazar of TechnipFMC PLC (NYSE:FTI) has sold 12,491 shares of the company on February 23, 2024, according to a recent SEC Filing. This transaction has been part of a series of sales by the insider over the past year, totaling 34,699 shares, with no recorded purchases in the same period.
TechnipFMC PLC is a global leader in oil and gas projects, technologies, systems, and services. The company provides comprehensive solutions for subsea, onshore/offshore, and surface projects. TechnipFMC PLC is known for its technological innovation and commitment to sustainability within the energy industry.
The insider transaction history for TechnipFMC PLC shows a trend of more sales than purchases among insiders over the past year, with 0 insider buys and 2 insider sells recorded.
On the valuation front, shares of TechnipFMC PLC were trading at $21.2 on the day of the insider's recent sale. The company's market cap stands at $9.567 billion.
The stock's price-to-GF-Value ratio is currently 1.92, indicating that TechnipFMC PLC is significantly overvalued when compared to the GF Value of $11.06. 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.
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.
