From Nasdaq: 2024-05-17 11:01:45

Peter A Feld, Director at Gen Digital (NASDAQ:GEN), sold 1,092,300 shares, totaling $26,846,361, according to an SEC filing on May 17. Gen Digital shares are down 1.1%, priced at $25.13. The company offers cybersecurity solutions like Norton and Avast, showing 1.68% revenue growth but faces challenges in the IT sector.

Gen Digital’s financial performance includes a 80.35% gross margin, EPS of 0.21, and a debt-to-equity ratio of 3.92, showing reliance on borrowed funds. With a P/E ratio of 26.47, P/S ratio of 4.28, and EV/EBITDA ratio of 14.71, the stock may present a buying opportunity due to undervaluation.

Insider transactions, like Feld’s sell, are crucial for investors to consider alongside other factors. Insider buys suggest positivity, while sells could have various motivations. Understanding transaction codes is key, with P for purchase, S for sale, and C for option conversion. Monitoring insider trades can provide valuable insights for investment decisions.

Read more at NASDAQ.: Gen Digital Insider Trades Send A Signal