Yahoo Finance Insider Sale: CFO Mark Witkowski Sells 50,000 Shares of Core & Main Inc (CNM)
On May 8, 2024, Mark Witkowski, the Chief Financial Officer of Core & Main Inc (NYSE:CNM), sold 50,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail here.
Core & Main Inc, a distributor of water, sewer, storm drain, and fire protection products in the United States, has seen a significant amount of insider selling over the past year, with 45 insider sales and no insider buys. The insider, Mark Witkowski, has sold a total of 220,000 shares over the past year, indicating a consistent pattern of stock disposals by the insider.
On the date of the latest sale, shares of Core & Main Inc were priced at $59.5, resulting in a market cap of approximately $11.53 billion. The price-earnings ratio of the company stands at 27.68, which is above both the industry median and the company's historical median.
According to the GF Value, the intrinsic value of Core & Main Inc is estimated at $31.66 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.88.
The above insider trend image reflects the selling pattern at Core & Main Inc, with a notable absence of purchases from insiders, suggesting a potential lack of confidence in the stock's current valuation or future prospects.
The GF Value image further supports the notion that the stock is currently trading at a premium compared to its estimated intrinsic value.
This recent transaction and the ongoing insider selling trend at Core & Main Inc warrant attention from current and potential investors, especially considering the stock's valuation metrics and market performance.
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.
This article first appeared on GuruFocus.
