Yahoo Finance Director Louis Raspino Sells 25,666 Shares of Tidewater Inc (TDW)
On June 10, 2024, Louis Raspino, Director of Tidewater Inc (NYSE:TDW), executed a sale of 25,666 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 43,832 shares of Tidewater Inc.
Tidewater Inc, a leading provider of offshore service vessels to the global energy industry, has seen a mix of insider trading activity over the past year, with 6 insider buys and 15 insider sells. The insider transaction history reflects a more frequent disposition of shares compared to acquisitions among the company's insiders.
On the date of the latest transaction by the insider, shares of Tidewater Inc were priced at $104.19. This pricing positions the company with a market cap of approximately $5.59 billion. The price-earnings ratio of the stock stands at 42.01, which is above the industry median of 11.315.
The current stock price relative to the GF Value of $62.72 suggests that Tidewater Inc is significantly overvalued, with a price-to-GF-Value ratio of 1.66. The GF Value is a proprietary measure used to determine the fair value of a stock, incorporating historical trading multiples, a GuruFocus adjustment factor based on past performance, and future business expectations.
Considering the current valuation metrics and the recent insider selling activity, investors and stakeholders of Tidewater Inc (NYSE:TDW) may want to keep an eye on further insider transactions and the company's forthcoming financial performance to gauge market sentiment and potential shifts in stock valuation.
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.
