Robert Soderbery, the Executive Vice President and General Manager, Flash Business at Western Digital Corp (NASDAQ:WDC), completed a sale of 12,154 shares of the company’s stock on August 5, 2024. The transaction was reported as per the SEC filing. Following this transaction, the insider now owns 128,413 shares of Western Digital Corp.
Western Digital Corp is a global provider of data storage technologies and solutions. The company designs, manufactures and sells data technology products, including storage devices, data center systems and cloud storage services for businesses and consumers.
Over the past year, Robert Soderbery has sold a total of 104,468 shares of Western Digital Corp and made no purchases. This latest transaction continues a trend observed over the past year, when there were 10 insider sales and no insider purchases.
On the day of the sale, Western Digital Corp’s share price was $57.09. This price gives the company a market capitalization of approximately $18.37 billion.
According to GF Value, the intrinsic value of the stock is estimated at $38.93, which suggests that the stock is significantly overvalued with a price to GF Value ratio of 1.47.
The GF value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow and adjusted for the company’s past performance and expected future business results.
This sale by the insider could be of interest to current and prospective investors as it provides insight into the insider’s view on the current valuation and future prospects of the stock.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
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