Gartner Inc. (IT) Insider Trading: What Insights Can Be Gained?


As of Wednesday close, Gartner Inc.’s (NYSE:IT) stock was up $0.51, moving up 0.15 percent to $343.27. The average number of shares traded per day over the past five days has been 328,760 shares. 5 times new highs have been achieved over the past 5 days, with a $7.32 gain in that time frame. In the last twenty days, the average volume was 487,495, while in the previous 50 days, it was 501,808.

Since last month, IT stock rose 14.83%. Shares of the company fell to $288.35 on 10/24/22, the lowest level in the past month. A 52-week high of $346.35 was reached on 11/11/22 after having rallying from a 52-week low of $221.39. Since the beginning of this year, IT’s stock price has risen by 2.68% or $8.95, and marked a new high 3 times. However, the stock has declined by -0.89% since its 52-week high.

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IT stock investors should be aware that Gartner Inc. (IT) stock had its last reported insider trading activity 6 days ago on Nov 18. Kranich Robin B, the EVP & CHRO of the company, disposed of 1,295 shares for $334.95 on Nov 18. It resulted in a $433,760 divestment by the insider. Genovese Yvonne sold 175 shares at an average price of $340.77 on Nov 15. The insider now owns 464 shares following the transaction. On Nov 15, EVP & CMO Allard Kenneth sold 515 shares at $342.01 apiece. The transaction was valued at $176,135.

Valuation Metrics

Right now, Gartner Inc. (IT) has a P/E ratio of about 37.02. The stock’s beta is 1.35.

Financial Health

In the three months ended September 29, Gartner Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 69.30% percent. In the year ended September 29, operating margins totaled 18.10%. Based on annual data, IT earned $3.29 billion in gross profit and brought in $4.73 billion in revenue.

In Gartner Inc.’s quarter-end financial report for September 29, it reported total debt of $2.45 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. IT’s revenue rose 13.18% to $1.38 billion during the quarter, while net income inched up to $1.33 billion. While analysts expected Gartner Inc. to report $1.87 quarterly earnings, the actual figure was $2.41 per share, beating the consensus estimate by 28.90%. During the quarter, the company generated $301.82 million in EBITDA. The liabilities of Gartner Inc. were 6.59 billion at the end of its most recent quarter ended September 29, and its total debt was $3.17 billion. The value of shareholders’ equity is $79.02 million.

Technical Picture

This quick technical analysis looks at Gartner Inc.’s (IT) price momentum. With a historical volatility rate of 16.61%, the RSI 9-day stood at 71.34% on 23 November.

With respect to its five-day moving average, the current Gartner Inc. price is up by +2.18% percent or $7.32. At present, IT shares trade +17.18% above its 20-day simple moving average and +42.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.64% above its SMA50 and +13.42% above its SMA200.

Stochastic coefficient K was 85.88% and Stochastic coefficient D was 80.44%, while ATR was 8.14. Given the Stochastic reading of 90.76% for the 14-day period, the RSI (14) reading has been calculated as 68.64%. As of today, the MACD Oscillator reading stands at 3.81, while the 14-day reading stands at 7.89.

Analyst Ratings

Gartner Inc. (IT) has been rated Overweight by analysts. According to 0 brokerage firms, IT is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Gartner Inc. stock as buy, with 4 recommending it as overweight.


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