David Byrnes, EVP, CFO & Treasurer of Sphere Entertainment Co, executed a sale of 4,704 shares in the company on February 13, 2024, according to a recent SEC filing. Sphere Entertainment Co, listed under the ticker SPHR on the NYSE, operates in the entertainment industry, focusing on providing a variety of entertainment services and products.
Over the past year, the insider has sold a total of 4,704 shares and has not made any purchases of the company's stock. The recent transaction reflects a continuation of this selling trend.
The insider transaction history for Sphere Entertainment Co shows no insider purchases over the past year, while there have been 2 insider sales in the same period.
On the date of the insider's recent sale, shares of Sphere Entertainment Co were trading at $41.84, resulting in a market capitalization of $1.436 billion.
The company's price-earnings ratio stands at 3.86, which is below both the industry median of 17.77 and the company's historical median price-earnings ratio.
Sphere Entertainment Co's stock price of $41.84 compared to the GuruFocus Value of $16.48 indicates a price-to-GF-Value ratio of 2.54, suggesting that the stock is Significantly Overvalued according to this metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above provides a visual representation of the selling and buying activities of insiders over time.
The GF Value image above illustrates the stock's valuation in relation to its intrinsic value as estimated by GuruFocus.
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.
