Iron Mountain Inc’s President and CEO, William Meaney, recently divested 31,750 shares of the company on January 10, 2024, as per the filing with the SEC available for detailed review. Specializing in global information and asset storage, protection, and management, Iron Mountain Inc has earned the trust of organizations worldwide due to its robust security protocols and reliable services.
Over the past year, Meaney has been consistently selling shares, totaling 418,443, without any corresponding purchases. This pattern is part of a broader trend over the year, witnessing 37 insider sells for Iron Mountain Inc with no insider buys recorded. At the time of the transaction, Iron Mountain Inc’s shares were trading at $67.33, contributing to a market capitalization of $18.975 billion. Notably, the stock’s price-earnings ratio was 70.48, significantly surpassing both the industry median of 18.01 and the company’s historical median price-earnings ratio.
Examining the stock’s fundamentals, the price-to-GF-Value ratio was 1.15, with a GF Value of $58.54. This metric suggests that Iron Mountain Inc is deemed Modestly Overvalued, as per GuruFocus’s valuation metrics. The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor, and future performance estimates by Morningstar analysts.
Insider transactions are closely watched by investors and analysts as they can offer valuable insights into a company’s internal perspective regarding its stock’s valuation and future prospects.
