Yahoo Finance Evercore Inc CFO Timothy Lalonde Sells 3,337 Shares
On February 13, 2024, Timothy Lalonde, the CFO of Evercore Inc (NYSE:EVR), sold 3,337 shares of the company's stock, according to a recent SEC Filing. Evercore Inc is a global independent investment banking advisory firm that provides advisory services on significant mergers, acquisitions, divestitures, restructurings, and other strategic corporate transactions. The firm also has investment management services businesses, focusing on both institutional asset management and wealth management.
Over the past year, the insider has sold a total of 8,337 shares and has not made any purchases. The recent transaction is part of a trend observed over the last year, where there have been no insider buys and a total of 8 insider sells for Evercore Inc.
On the date of the sale, shares of Evercore Inc were trading at $178.74, resulting in a market capitalization of $6.939 billion. The stock's price-earnings ratio stood at 29.06, which is above both the industry median of 19.15 and the company's historical median price-earnings ratio.
The stock's price relative to the GuruFocus Value (GF Value) indicates that Evercore Inc is significantly overvalued. With a share price of $178.74 and a GF Value of $122.88, the price-to-GF-Value ratio is 1.45.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent selling activity by insiders at Evercore Inc.
The GF Value image above provides a visual representation of the stock's current valuation in comparison to its intrinsic value estimate according to GuruFocus.
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.
