Iron Mountain Inc (NYSE:IRM), a global leader in storage and information management services, recently witnessed insider trading on April 1, 2024. Mark Kidd, the company's executive vice president and general manager of data center and asset lifecycle management, said: He sold 4,458 shares of the company's stock. The transactions were reported in an SEC filing, and insiders sold a total of 15,834 shares, but did not buy any company stock over the past year. This latest sale continues the trend observed over the past year, with no insider buying at Iron Mountain, but a total of 38 insider selling.
On the day of the sale, Iron Mountain's stock was trading at $80.21, giving the company a market capitalization of $23.017 billion. The company's price-to-earnings ratio of 125.00 is significantly higher than the industry median of 17.4, and also higher than the company's historical median price-to-earnings ratio. When compared to GuruFocus Value (GF Value) of $60.20, the stock's valuation indicates that Iron Mountain Inc is currently significantly overvalued with a Price to GF Value ratio of 1.33.
GF Value is GuruFocus' proprietary estimate of intrinsic value, which takes into account historical trading multiples, GuruFocus' adjustment factors based on past earnings and growth, and future performance forecasts provided by Morningstar analysts. Iron Mountain Inc specializes in records management and information. Destruction, data backup and recovery services. The company operates a vast network of data centers around the world and provides solutions that ensure the protection and preservation of customers' most valuable assets: their information.
This article created by GuruFocus is intended to provide general insight and is not intended as 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 guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.