Yahoo Finance Insider Sale: COO Xuong Nguyen Sells 19,988 Shares of StoneX Group Inc (SNEX)
On June 7, 2024, Xuong Nguyen, Chief Operating Officer of StoneX Group Inc (NASDAQ:SNEX), sold 19,988 shares of the company. The transaction was executed at a price of $75.04 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 60,816 shares of StoneX Group Inc.
StoneX Group Inc provides financial services network that connects companies, organizations, traders, and investors to the global markets ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise.
Over the past year, the insider has sold a total of 26,909 shares and has not made any purchases. This recent sale is part of a broader trend observed over the last year, where StoneX Group Inc has seen 28 insider sells and no insider buys.
As of the date of the recent transaction, StoneX Group Inc had a market cap of $2.29 billion. The stock's price-earnings ratio stood at 9.60, which is lower than the industry median of 18.275 and also below the companys historical median.
The GF Value of StoneX Group Inc is $73.03, leading to a price-to-GF-Value ratio of 1.03, indicating that the stock is Fairly Valued. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This valuation and the recent insider selling activity could be of interest to investors monitoring insider behaviors and market valuations for potential investment opportunities or risks in StoneX Group Inc.
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.
