On May 13, 2024, Director Charles Mathis sold 3,000 shares of ScanSource Inc (SCSC, Financial) as reported in a recent SEC Filing. The shares were sold at a price of $46.96 each.
ScanSource Inc is a technology company that provides technology products and solutions in North America, Latin America, and Europe. The company's offerings include point-of-sale (POS) and barcode, communications, and physical security solutions. ScanSource Inc serves businesses in various industries, aiming to streamline operations and enhance connectivity.
Following this transaction, the insider transaction history for ScanSource Inc shows a trend of more insider sales than buys over the past year, with 10 insider sells and 0 insider buys.
The sale by the insider comes at a time when the stock is valued at a market cap of $1.16 billion. The price-earnings ratio of ScanSource Inc stands at 14.86, which is below both the industry median and the company’s historical median.
According to the GF Value, the intrinsic value of ScanSource Inc is estimated at $32.17 per share, making the current price of $46.96 signify that the stock is significantly overvalued.
The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by Director Charles Mathis follows a pattern observed in the insider trading activities at ScanSource Inc, suggesting a possible consensus among insiders about the stock’s 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.
