Wayfair Inc Chief Commercial Officer Jon Blotner Sells 3,492 Shares
On February 5, 2024, Chief Commercial Officer Jon Blotner sold 3,492 shares of Wayfair Inc (NYSE:W), according to a recent SEC Filing. The transaction was executed at a stock price of $50.34, resulting in a total sale amount of $175,727.28.
Wayfair Inc is an e-commerce company that sells furniture and home-goods. The company offers a selection of over 18 million items across home furnishings, decor, home improvement, housewares, and more. Wayfair is known for its extensive product selection and is headquartered in Boston, Massachusetts.
Over the past year, Jon Blotner has sold a total of 21,466 shares of Wayfair Inc and has not made any purchases of the stock. The insider's recent sale contributes to a broader pattern observed within the company.
The insider transaction history for Wayfair Inc shows a trend of insider sales, with 49 insider sells and no insider buys over the past year.
On the valuation front, Wayfair Inc's shares were trading at $50.34 on the day of the insider's sale, giving the company a market capitalization of $5,865.515 billion.
According to the GF Value, with a price of $50.34 and a GuruFocus Value of $68.05, Wayfair Inc has a price-to-GF-Value ratio of 0.74, indicating that the stock is modestly undervalued.
The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates provided by 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.
