Alphabet executive Prabhakar Raghavan sells over $500k in stock

Alphabet (NASDAQ:) Inc.’s (NASDAQ:GOOG) Senior Vice President Prabhakar Raghavan has recently sold a batch of company shares, according to the latest SEC filings. The transactions, which took place on April 1, 2024, involved the sale of Alphabet Class C Capital Stock for a total value of $508,149.

The sales were executed in multiple transactions at prices ranging from $152.425 to $156.3887 per share. The first set of shares sold amounted to 200 shares at an average price of $152.425. Subsequent sales saw 1,300 shares going at an average of $155.9485, and 1,758 shares at an average price of $156.3887.

Following these transactions, Raghavan’s holdings in Alphabet Class C Capital Stock decreased, but he still retains a significant number of shares post-sale. It’s worth noting that these sales were made under a prearranged Rule 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid potential conflicts of interest.

Additionally, the SEC filing indicated that Raghavan is associated with a trust that has indirect ownership of Alphabet shares. The Raghavan Living Trust, established on January 12, 2000, by Prabhakar Raghavan and Srilatha Raghavan, was mentioned in relation to a grant of Class C Google Stock Units (GSUs). These GSUs entitle the holder to receive Alphabet Class C Capital Stock as the units vest, subject to continued employment.

The recent Form 4 filing does not indicate any purchase transactions by Raghavan but does detail the remaining stock units and shares held by him, both directly and indirectly. Investors often keep a close eye on the buying and selling activities of company executives as it can provide insights into their confidence in the company’s future prospects.

The filing was signed on behalf of Prabhakar Raghavan by Valentina Margulis, as his attorney-in-fact, and was submitted on April 2, 2024.

InvestingPro Insights

As Alphabet Inc. (NASDAQ:GOOG) sees its Senior Vice President Prabhakar Raghavan adjust his stake in the company, investors and market watchers are keen to understand the financial health and performance indicators of the tech giant. Alphabet’s financial metrics and market performance can provide context to these insider transactions.

Alphabet’s robust financial status is highlighted by its Market Cap of approximately $1.94 trillion USD, showcasing the company’s massive scale and influence in the tech sector. The company’s Price-to-Earnings (P/E) Ratio stands at 26.38, with an adjusted P/E for the last twelve months as of Q4 2023 at a slightly lower 24.78. This could suggest that the stock is trading at a reasonable valuation given its near-term earnings growth, an InvestingPro Tip that may reassure investors of the company’s solid earnings potential.

Further emphasizing Alphabet’s financial stability, the company holds a Price to Book (P/B) ratio of 6.81 as of the last twelve months ending Q4 2023. Although this indicates a high valuation multiple, it reflects the market’s confidence in Alphabet’s assets and growth trajectory. Additionally, the company’s revenue growth of 8.68% over the last twelve months, with a quarterly increase of 13.49% in Q4 2023, suggests a healthy and expanding business operation.

An InvestingPro Tip worth noting is that Alphabet maintains a strong liquidity position, with liquid assets that exceed its short-term obligations. This is a key consideration for investors gauging the company’s ability to meet its immediate financial liabilities.

For those interested in deeper analysis, there are more InvestingPro Tips available, shedding light on aspects such as Alphabet’s position as a prominent player in the Interactive Media & Services industry and its ability to cover interest payments with cash flows. To access the full suite of insights, including additional tips, investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

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