On September 13, 2023, Maria Wong, the Senior Vice President and Chief Accounting Officer of Cisco Systems Inc (NASDAQ:CSCO), sold 206 shares of the company. This insider sell is part of a wider trend of insider selling at Cisco Systems Inc.
Cisco Systems Inc is a multinational technology conglomerate based in San Jose, California. The company specializes in networking hardware, software, telecommunications equipment, and other high-technology services and products. With operations in over 165 countries, Cisco Systems Inc is a significant player in the global tech industry.
Over the past year, Maria Wong has sold a total of 6,392 shares of Cisco Systems Inc, without making any purchases. This selling activity reflects the overall insider trading pattern at the company, which has seen 36 insider sells and no insider buys during the same period.
At the time of the insider sell, Cisco Systems Inc shares were trading at $56.3, resulting in a market cap of $229.71 billion. The price-earnings ratio was 18.36, lower than the industry median but higher than the company’s historical median.
According to GuruFocus, the price-to-GF-Value ratio of Cisco Systems Inc is 1.02, indicating that the stock is fairly valued based on its GF Value of $55.40. The GF Value is an intrinsic value estimate calculated using historical multiples, a GuruFocus adjustment factor, and future performance estimates from Morningstar analysts.
It’s important to note that insider selling does not necessarily signal a negative outlook for the company. The decision to sell shares may be influenced by personal financial needs or a belief that the stock is currently overvalued. Investors should consider other factors such as the company’s financial health, market conditions, and industry trends before making investment decisions.
In conclusion, Maria Wong’s recent insider sell at Cisco Systems Inc falls in line with the broader trend of insider selling. However, it is essential to evaluate the overall financial health and market position of the company before drawing any conclusions.