On August 13, 2024, Marc Mcmorris, Director at Fair Isaac Corp (NYSE:FICO), sold 1,478 shares of the company’s stock. The transaction was performed at a price of $1,749.33 per share, as described in the SEC filing. Following this sale, the insider now owns 242 shares of Fair Isaac Corp.
Fair Isaac Corp, commonly known for its FICO scores, is a data analytics company focused on credit scoring services. It helps businesses make better decisions by predicting consumer behavior in the financial services, insurance, telecommunications, retail and healthcare industries.
Over the past year, Marc Mcmorris has sold a total of 5,639 shares and purchased no shares of the company. This latest transaction is part of a broader trend observed within the company. Over the past year, there have been 27 insider sales and no insider purchases.
Fair Isaac Corp shares traded at $1,749.33 on the day of the sale, giving the company a market capitalization of approximately $42.51 billion. The company’s price-to-earnings ratio is 91.16, well above the industry median of 25.285 and above the company’s historical median.
According to GF Value, Fair Isaac Corp. is currently significantly overvalued, with a price-GF Value ratio of 2.07. The GF Value of $844.83 indicates a significant premium to the current trading price.
This insider sale could be of interest to investors who track insider behavior as an indicator of the company’s future performance and valuation. The consistent pattern of insider sales over the past year, when coupled with the company’s valuation metrics, could provide insights into the stock’s future performance.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
