Tradeweb Markets Inc (TW) CTO Justin Peterson Sells 10,000 Shares
Tradeweb Markets Inc (NASDAQ:TW), a leading global operator of electronic marketplaces for rates, credit, equities, and money markets, has reported an insider sale according to a recent SEC filing. Chief Technology Officer Justin Peterson sold 10,000 shares of the company on February 29, 2024.Justin Peterson, who holds the full position of Chief Technology Officer at Tradeweb Markets Inc, completed the transaction at an average price of $105.48 per share, resulting in a total value of $1,054,800. The sale was made public through an SEC Filing.Over the past year, Justin Peterson has sold a total of 48,446 shares of Tradeweb Markets Inc and has not made any purchases of the stock. This latest transaction continues a pattern of insider sales at the company, with a total of 22 insider sells and no insider buys over the past year.
The market capitalization of Tradeweb Markets Inc stands at $22.477 billion, reflecting the company's significant presence in the financial technology sector. The stock's price-earnings ratio is currently 61.81, which is above both the industry median of 18.29 and the company's historical median price-earnings ratio.Tradeweb Markets Inc's shares were trading at $105.48 on the day of the insider's recent sale. The company's stock is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.11, according to the GuruFocus Value of $95.28.
The GF Value is a proprietary valuation metric used by GuruFocus, taking into account historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.Investors and analysts often monitor insider trading patterns for insights into a company's performance and management's perspective on the stock's valuation. While insider selling does not necessarily indicate a lack of confidence in the company, it does provide data for market participants to consider alongside other financial metrics and analyses.
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.
