Luca Maestri, who serves as Senior Vice President and Chief Financial Officer of Apple Inc (NASDAQ: AAPL), executed a sale of 63,695 shares of the company’s stock on October 9, 2023. This transaction aligns with a pattern observed over the past year, during which this insider has divested a total of 310,190 shares and made no purchases.
Luca Maestri originally joined Apple in 2013 as the Vice President of Finance and Corporate Controller. Since 2014, he has held the position of CFO, where he supervises several crucial functions within Apple, including accounting, business support, financial planning and analysis, treasury, mergers and acquisitions, investor relations, internal audit, and tax matters. Given his extensive experience and high-ranking role within the company, his stock dealings attract attention from investors and market observers.
Apple Inc., established in 1977, is a multinational technology enterprise renowned for its design, production, and marketing of smartphones, personal computers, tablets, wearables, and accessories. The company also offers a range of related services. Notable products include the iPhone, Mac, iPad, and various wearables, home, and accessories. Apple’s service portfolio encompasses advertising, AppleCare, cloud services, digital content, and payment services. Given its widespread popularity and significant presence in the tech industry, Apple holds a prominent position.
On the date of this insider’s most recent sale, Apple Inc.’s shares were trading at $178.29, resulting in a market capitalization of $2,788.99 billion. The price-earnings ratio stands at 29.98, surpassing both the industry median of 21.49 and the company’s historical median. This suggests that the stock is currently trading at a premium.
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