GEN - Gen Digital Insider Trades Send A Signal | Benzinga
Peter A Feld, Director at Gen Digital (NASDAQ:GEN), disclosed an insider sell on May 17, according to a recent SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Friday, Feld sold 1,092,300 shares of Gen Digital. The total transaction value is $26,846,361.
As of Friday morning, Gen Digital shares are down by 1.1%, currently priced at $25.13.
Delving into Gen Digital's Background
Gen is a cybersecurity pure-play that offers security, identity protection, and privacy solutions to individual consumers. The firm's cyber safety offerings, via brands such as Norton, Avast, and LifeLock, have long maintained their positions as some of the most recognizable consumer-focused security and identity-protection products.
Gen Digital's Financial Performance
Revenue Growth: Over the 3 months period, Gen Digital showcased positive performance, achieving a revenue growth rate of 1.68% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Navigating Financial Profits:
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Gross Margin: Achieving a high gross margin of 80.35%, the company performs well in ...