Stuart Canfield, Executive Vice President and Chief Financial Officer of Electronic Arts Inc (NASDAQ:EA), sold 1,260 shares of the company’s stock on August 19, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 7,553 shares of Electronic Arts Inc.
Electronic Arts Inc., a global leader in interactive entertainment software, develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.
Over the last year, Stuart Canfield has sold a total of 10,519 shares and bought no shares of the company. This recent sale is part of a broader trend seen at Electronic Arts Inc., where there were 56 insider sales and no insider purchases over the last year.
On the day of the sale, Electronic Arts Inc. shares were trading at $148.37. The company has a market capitalization of approximately $39.38 billion. The price-to-earnings ratio is 35.07, which is higher than both the industry median of 21.45 and the company’s historical median.
The GF Value of the stock is calculated at $135.83, which translates to a Price to GF Value ratio of 1.09. This suggests that Electronic Arts Inc. is fairly valued based on its GF Value.
The GF value is determined by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow together with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ estimates of future business performance.
This insider sale could be of interest to investors who track insider behavior and evaluate the stock’s valuation metrics relative to its current trading price.
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.
This article first appeared on GuruFocus.
