EVP William James III Wartinbee sells shares

Wartinbee William James III, Vice President of Global Sales Strategy and Operations at Gartner Inc (NYSE:IT), sold 299 shares of the company on July 31, 2024. The transaction was reported in a recent SEC filing. Following the sale, the insider now owns 7,671 shares of Gartner Inc.

Gartner Inc. is a leading research and advisory firm that provides information, advice and tools to leaders in IT, finance, human resources, legal and compliance, marketing, sales and supply chain worldwide.

Over the past year, Wartinbee William James III sold a total of 715 shares and bought no shares. This latest sale is part of a broader trend at Gartner Inc., where there have been 46 insider sales and no insider purchases over the past year.

On the last trading day, Gartner Inc. shares were trading at $499.11, giving the company a market capitalization of around $36.93 billion. The stock’s price-to-earnings ratio is 45.65, which is higher than both the industry median of 26.8 and the company’s historical median.

According to GF Value, an estimated intrinsic value calculated by GuruFocus, Gartner Inc is currently slightly overvalued. GF Value of $411.07 compared to the current price of $499.11 gives GF a price-to-value ratio of 1.21.

GF is determined by considering historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow ratio, along with a GuruFocus adjustment factor based on historical returns and growth and estimates of future business performance developed by Morningstar analysts.

This article, generated by GuruFocus, is intended to provide general insights and does not constitute personalized financial advice. Our commentary is based on historical data and analyst forecasts, using an unbiased methodology, and is not intended to serve as specific investment advice. It does not make recommendations to buy or sell stocks and does not take into account individual investment objectives or financial circumstances. Our goal is to provide long-term, data-driven, fundamental analysis. Please note that our analysis may not include the latest price-sensitive company announcements or qualitative information. GuruFocus does not have a position in the stocks mentioned in this document.

This article originally appeared on GuruFocus.