Director Eric Pillmore Acquires 3,125 Shares of V2X Inc (VVX)
On September 6, 2024, Eric Pillmore, Director at V2X Inc (NYSE:VVX), purchased 3,125 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 41,516 shares of V2X Inc.
V2X Inc operates in the defense and aerospace sector, providing a range of services and solutions to government and commercial clients. The company's expertise includes systems engineering, information technology, and mission support services.
The transaction occurred with the stock priced at $48 per share, giving V2X Inc a market cap of approximately $1.524 billion. This acquisition is part of a broader trend of insider buying at the company, with a total of 7 insider buys and no insider sells over the past year.
According to the GF Value, the intrinsic value of V2X Inc is estimated at $41.84 per share, suggesting that the stock is modestly overvalued with a price-to-GF-Value ratio of 1.15. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider buying activity may signal confidence in the company's future prospects from the insider's perspective. Investors often monitor insider buys as they can indicate the insider's belief in the company's current valuation and future performance.
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