Published on 15 Mar 2024 on GuruFocus.com via Yahoo Finance
Insider Sell: SVP & Chief Accounting Officer Maria Wong Sells Shares of Cisco Systems Inc (CSCO)
Cisco Systems Inc (NASDAQ:CSCO), a multinational technology conglomerate headquartered in San Jose, California, specializes in networking hardware, software, telecommunications equipment, and other high-technology services and products. The company is known for its diverse array of offerings that include networking solutions, cloud and cybersecurity services, and Internet of Things (IoT) products.According to a recent SEC filing, Maria Wong, the Senior Vice President & Chief Accounting Officer of Cisco Systems Inc, sold 2,497 shares of the company on March 13, 2024. The transaction was executed at an average price of $50 per share, resulting in a total value of $124,850.Over the past year, Maria Wong has engaged in the sale of 17,445 shares of Cisco Systems Inc and has not made any purchases of the stock. The insider transaction history for the company reveals a pattern of insider selling, with 39 insider sells and no insider buys over the same timeframe.
The market capitalization of Cisco Systems Inc stood at $201.71 billion on the day of the transaction. The stock's price-earnings ratio was reported at 15.13, which is below the industry median of 23.275 and also below the company's historical median price-earnings ratio.With the stock trading at $50 and a GuruFocus Value of $53.76, Cisco Systems Inc has a price-to-GF-Value ratio of 0.93, indicating that the stock is Fairly Valued according to the GF Value metric.