Yahoo Finance Insider Sale: CFO Martin Kelly Sells 30,000 Shares of Apollo Global Management Inc (APO)
On May 8, 2024, Martin Kelly, the Chief Financial Officer of Apollo Global Management Inc (NYSE:APO), sold 30,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail here.
Apollo Global Management Inc is a global alternative investment manager. The firm specializes in credit, private equity, and real assets, offering investment solutions across a range of strategies to a diverse group of investors.
Over the past year, the insider has sold a total of 64,000 shares and has not made any purchases. The broader trend within the company shows a predominance of insider selling, with 17 sales and only 1 buy over the same period.
On the day of the sale, shares of Apollo Global Management Inc were priced at $111.29, resulting in a market cap of approximately $63.76 billion. The price-earnings ratio of the company stood at 13.02, which is below both the industry median of 13.335 and the historical median for the company.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Apollo Global Management Inc is considered Modestly Undervalued. The GF Value of $128.76 suggests a price-to-GF-Value ratio of 0.86.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the companys past performance and expected future business outcomes.
This sale by the insider might be of interest to current and potential investors, providing insight into insider confidence and potential future stock movements.
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.
