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CFO and EVP of Gartner Inc. Christopher Lafond sold 52,282 shares

August 10, 2012 | About:
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Gartner Inc. is a research and advisory firm that helps clients understand technology and drive business growth. Gartner Inc. has a market cap of $4.37 billion; its shares were traded at around $47.95 with a P/E ratio of 29.7 and P/S ratio of 3. Gartner Inc. had an annual average earnings growth of 18.6% over the past 10 years.

On Aug. 7, 2012, CFO and Executive Vice President of Gartner Inc. (IT) Christopher Lafond sold 52,282 shares at an average price of $47.69. The total transaction amount was $2,493,329.

Mr. Lafond is the chief financial officer and executive vice president of Gartner Inc. since Oct. 1, 2003. Before joining the company, Lafond served as senior financial planner at International Business Machines Corporation and an analyst in fixed-income asset management at J.P. Investment Management and IBM.

On February 24, 2012, CFO and Executive Vice President Christopher Lafond sold 31,017 shares of IT stock at the average price of $40.02. CEO Eugene A. Hall sold 85,885 shares of IT stock on February 29, 2012 at the average price of $40.01. Other directors and officers of the company have also sold shares of IT stock.

GuruFocus Guru Ron Baron has left his position in IT slightly adjusted or unchanged. As of March 31, he owns 8,920,561 shares.

Gartner Inc. reported revenues of $397.5 million and net income of $41.5 million for their 2012 second quarter results.

Rating: 2.7/5 (3 votes)

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