Yahoo Finance Insider Buying: Neogen Corp (NEOG) COO Douglas Jones Acquires 10,000 Shares
Neogen Corp (NASDAQ:NEOG) COO Douglas Jones has recently increased his stake in the company by purchasing 10,000 shares on April 17, 2024, according to a SEC Filing. This transaction has added to the series of insider trades over the past year, where Douglas Jones has bought a total of 20,000 shares and has not sold any.Neogen Corp, known for its development and marketing of products for food and animal safety, has seen a total of 8 insider buys and 4 insider sells over the past year, indicating a positive trend in insider confidence.On the day of the insider's recent acquisition, shares of Neogen Corp were trading at $12.36, giving the company a market cap of $2.703 billion. The price-earnings ratio of the stock stands at 2080.00, significantly above both the industry median of 30.95 and the company's historical median.The stock's price-to-GF-Value ratio is currently at 0.62, with a GF Value of $19.97, suggesting that Neogen Corp is a Possible Value Trap, Think Twice according to GuruFocus' valuation metrics.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
