Cognex Corp (NASDAQ: CGNX) is a prominent player in the machine vision industry, offering a wide range of products such as machine vision systems, vision sensors, and industrial barcode readers essential for manufacturing automation. The company’s cutting-edge Technology is utilized in various tasks like guiding assembly robots, tracking items through production lines, and ensuring products meet rigorous quality standards.
According to a recent SEC filing, Joerg Kuechen, the Chief Technology Officer of Cognex Corp, sold 5,331 shares of the company on March 12, 2024, at an average price of $40.93 per share, totaling $218,237.83. Over the past year, Kuechen has only been involved in selling shares and hasn’t made any purchases of the company’s stock, continuing a trend observed in the company’s insider trading history.
Insider transaction data shows a lack of insider purchases in the past year, with no buys and 2 sells during the same period, indicating a trend of insider sales. At the time of the recent insider sell, Cognex Corp’s shares were trading at $40.93, giving the company a market capitalization of $7.014 billion. The price-earnings ratio stands at 62.88, higher than both the industry median of 23.51 and the company’s historical median.
Taking into account the stock price of $40.93 and the GuruFocus Value of $46.00, Cognex Corp has a price-to-GF-Value ratio of 0.89, suggesting that the stock may be modestly undervalued according to the GF Value metric. This metric is calculated based on historical trading multiples, GuruFocus adjustment factors, and future Business performance estimates provided by Morningstar analysts.
The recent insider sell by Joerg Kuechen adds another data point for investors to consider when evaluating the stock’s performance and insider sentiment. This article, originally published on GuruFocus, aims to provide general insights and not personalized financial advice. It is rooted in historical data, analyst projections, and an impartial methodology, offering long-term, fundamental data-driven analysis. Please note that the analysis may not include the most recent company announcements or qualitative information. GuruFocus does not hold any positions in the stocks mentioned in this article.
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