Hessam Nadji, CEO of Marcus & Millichap Inc (NYSE:MMI), completed a sale of 13,900 shares of the company on August 26, 2024. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 209,123 shares of Marcus & Millichap Inc.
Marcus & Millichap Inc specializes in commercial real estate brokerage and offers a wide range of services to facilitate the purchase, sale and leasing of properties in various sectors. The company operates primarily in the United States and Canada.
Over the past year, the insider has sold a total of 30,000 shares and made no purchases. The recent sale is part of a broader trend seen within the company. Over the past year, there were 11 insider sales and no insider purchases.
On the day of the recent sale, Marcus & Millichap Inc. shares were trading at $40.18. This price gives the company a market capitalization of approximately $1.553 billion.
According to GF Value, the intrinsic value of the stock is estimated at $22.45, which suggests that the stock is significantly overvalued with a price to GF Value ratio of 1.79. GF Value is calculated based on historical multiples such as price to earnings ratio, price to sales ratio, price to book ratio and price to free cash flow along with a GuruFocus adjustment factor and future business performance estimates by analysts.
The insider’s recent transaction and current valuation metrics provide important insights into Marcus & Millichap Inc.’s stock performance and insider behavior that are crucial for investors monitoring the company’s financial health and market position.
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.
