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- Communication Services
- Internet Content & Information
- Disposed: Non-Derivative
- Transaction Overview
- Transaction Facts
- Insider's Historical Trading Activity
- Market Data and Alphabet Inc. Performance
- Significance of the Transaction
- Actions by Other Insiders
- Conclusion
- Tables
Transaction Overview
On January 2, 2024, Raghavan Prabhakar, Senior Vice President at Alphabet Inc. (GOOG), executed a significant insider sale of Class C Capital Stock. Prabhakar disposed of 10,988 shares at a price of $139.35 per share, resulting in a total transaction value of approximately $1,533,485.25. Following the transaction, Prabhakar's ownership in Alphabet Inc. stands at 52,840 shares.
Transaction Facts
| Transaction date | 2024-01-02 |
| Transaction code | S: Open market or private sale of non-derivative or derivative security |
| Acquired or disposed | Disposed |
| Ownership: direct or indirect | Direct |
| Security title | Class C Capital Stock |
| Equity swap involved | No |
| Transaction shares | 10988.0 |
| Transaction price per share | $ 139.35 |
| Shares owned following transaction | 52840.0 |
Insider's Historical Trading Activity
Prabhakar has been an insider since December 28, 2020, and has been active in the market over the past year. In the 365 days preceding this transaction, Prabhakar engaged in multiple sales and grants, including a notable disposal of 4,700 shares at $138.42 per share and a grant of 16,088 shares at no cost. The insider's trading pattern reflects a mix of acquiring stock through grants and disposing of shares, indicating a regular rebalancing of personal holdings in line with compensation structures and possibly liquidity needs.
Market Data and Alphabet Inc. Performance
Alphabet Inc., a leader in the Internet Content & Information industry within the Communication Services sector, has experienced fluctuating market performance. With a ten-day close price average of $140.55 and a fifty-day close price average of $134.99, the company's stock has seen a recent uptick. The two hundred-day close price average stands at $125.97, indicating a substantial increase over a longer period. Alphabet Inc. holds a market capitalization of approximately USD 1.72 trillion, with a robust financial position including USD 118.33 billion in total cash and USD 29.43 billion in total debt.
Significance of the Transaction
The sale by Prabhakar is noteworthy due to its size and the timing within the context of Alphabet Inc.'s market performance. The transaction occurred as the stock was trading near its fifty-two-week high of $143.94, which may suggest Prabhakar's confidence in capitalizing on the current market conditions. The insider's remaining stake of 52,840 shares implies a continued vested interest in the company's future, aligning with shareholder interests.
Actions by Other Insiders
On the same day as Prabhakar's transaction, O'Toole Amie Thuener, another insider, sold 425 shares at a price of $139.61, totaling $59,313.00. In the preceding week, other insiders also executed sales, with Arnold Frances selling 240 shares and Walker John Kent disposing of 28,281 shares. These transactions suggest a pattern of insider sales around the beginning of the year, which could be attributed to various personal or strategic reasons.
Conclusion
Raghavan Prabhakar's recent sale represents a significant insider transaction for Alphabet Inc., aligning with the broader pattern of insider activity. While the sale may indicate Prabhakar's personal financial strategy, it also coincides with a period of strong stock performance for Alphabet Inc., potentially signaling insider sentiment about the company's current valuation. Investors and analysts will continue to monitor insider transactions as part of their assessment of Alphabet Inc.'s financial health and future prospects.
Tables
Historical trading data
- Ticker: GOOG
- Showing data prior to the transaction date: Jan. 2, 2024
| 10 day | 50 day | 200 day | 52 week | |
|---|---|---|---|---|
| Close price average | $ 140.55 | $ 134.99 | $ 125.97 | $ 114.29 |
| Price high | $ 143.94 | $ 143.94 | $ 143.94 | $ 143.94 |
| Price low | $ 133.77 | $ 121.46 | $ 100.28 | $ 83.45 |
| Price change | 4.27% | 0.42% | 38.08% | 21.31% |
| Average daily volume | $ 19,027,947.10 | $ 22,553,853.76 | $ 23,530,605.96 | $ 25,314,178.28 |
Transactions by RAGHAVAN PRABHAKAR on the same day
- Transaction date: Jan. 2, 2024
- Ticker: GOOG
- On the same day, RAGHAVAN PRABHAKAR has also made 4 transactions with the same issuer:
| Transaction | Action | Type | Security | Shares | Market value |
|---|---|---|---|---|---|
| 12095703 | Acquired | Non-Derivative | Class C Capital ... | 16088.0 | $ 2,245,241.24 |
| 12095721 | Disposed | Non-Derivative | Class C Capital ... | 16088.0 | $ 2,245,241.24 |
| 12095693 | Disposed | Non-Derivative | Class C Capital ... | 400.0 | $ 55,824.00 |
| 12095720 | Disposed | Non-Derivative | Class C Capital ... | 4700.0 | $ 655,931.99 |
Transactions by other insiders in the last 7 days
- Transaction dates: 2023-12-26 - 2024-01-02
- Ticker: GOOG
- In the last 7 days, other insiders made 3 transactions with the same issuer:
| Transaction | Transaction date | Insider | Action | Type | Security | Shares | Market value |
|---|---|---|---|---|---|---|---|
| 12094638 | 2024-01-02 | O'Toole Amie Thuener, VP, Chief Accounting Officer | Disposed | Non-Derivative | Class C Capital ... | 425.0 | $ 59,313.00 |
| 12093731 | 2023-12-29 | Arnold Frances, a Director | Disposed | Non-Derivative | Class C Capital ... | 240.0 | $ 33,823.20 |
| 12093698 | 2023-12-28 | Walker John Kent, SVP, Global Affairs and CLO | Disposed | Non-Derivative | Class C Capital ... | 28281.0 | $ 3,995,539.65 |