Insider Sale: EVP, Marketing Piyush Sevalia Sells Shares of SiTime Corp (SITM)
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Piyush Sevalia, Executive Vice President of Marketing at SiTime Corp (NASDAQ:SITM), executed a sale of 827 shares of the company on June 12, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 89,624 shares of SiTime Corp.
SiTime Corp (NASDAQ:SITM) specializes in precision timing solutions. The company designs and manufactures silicon-based timing devices, which are essential components in various electronic systems.
Over the past year, the insider has sold a total of 8,738 shares and has not made any purchases. The broader trend within SiTime Corp shows a pattern of insider selling, with a total of 45 insider sales and no insider buys over the past year.
On the day of the sale, shares of SiTime Corp were trading at $130, giving the company a market cap of approximately $2.82 billion.
The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjustments for past performance, and analyst estimates of future business performance.
According to the GF Value, the intrinsic value of SiTime Corp is estimated at $93.55 per share, which suggests that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.39.
Investors and analysts monitoring insider transactions like those of the insider may find these sales significant when aligned with broader market and company-specific valuation metrics.
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.