SNX - TD Synnex 10% Owner Sold $228.38M In Company Stock | Benzinga
Revealing a significant insider sell on January 18, Apollo Management Holdings GP LLC, 10% Owner at TD Synnex (NYSE:SNX), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, LLC sold 2,250,000 shares of TD Synnex. The total transaction value is $228,375,000.
The latest market snapshot at Thursday morning reveals TD Synnex shares up by 0.39%, trading at $103.7.
Delving into TD Synnex's Background
TD Synnex Corp is a global distributor and solutions aggregator for the IT ecosystem. Its edge-to-cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility, and everything as a service.
TD Synnex's Financial Performance
Revenue Growth: TD Synnex displayed positive results in 3 months. As of 30 November, 2023, the company achieved a solid revenue growth rate of approximately 3.2%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Key Insights into Profitability Metrics:
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Gross Margin: ...