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Alphabet Inc. (NASDAQ:GOOGL) Chief Executive Officer Sundar Pichai recently executed a series of stock sales valued at approximately $5.15 million. According to a recent SEC filing, the transactions took place on April 2, 2025, and involved the sale of Class C Capital Stock. The sales come as Alphabet’s stock trades near its 52-week low of $147.22, having declined about 20% year-to-date. According to InvestingPro analysis, the company maintains a "GREAT" financial health score.
The shares were sold at prices ranging from $157.23 to $159.97. Following these transactions, Pichai’s direct holdings of Alphabet stock amount to 2,717,696 shares. The sales were conducted under a pre-established Rule 10b5-1 Trading Plan, which Pichai adopted on December 2, 2024. Wall Street remains bullish on Alphabet’s prospects, with analyst targets ranging from $167 to $240 per share. For deeper insights into Alphabet’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
Additionally, Pichai holds 227,560 shares of Class A Common Stock and 224,169 Class C Google Stock Units, which entitle him to receive one share of Class C capital stock for each unit as they vest. These transactions and holdings reflect Pichai’s ongoing management of his equity stake in the tech giant, which currently has a market capitalization of $1.79 trillion.
In other recent news, Google announced the launch of Sec-Gemini v1, an experimental AI model aimed at enhancing cybersecurity capabilities. This model is designed to help professionals better address cybersecurity threats and has demonstrated superior performance on key benchmarks. Google is making this AI model available for research purposes to selected organizations and professionals. Additionally, Google is reportedly in advanced talks to lease Nvidia (NASDAQ:NVDA) AI chips from CoreWeave, highlighting the ongoing demand for AI computing resources. This potential agreement underscores the challenges faced by companies like Google in securing sufficient chip supplies. Meanwhile, Google is also undergoing leadership changes in its AI division, with Josh Woodward (NASDAQ:WWD) taking over the consumer AI applications division. These changes are part of Google’s strategy to focus on the next evolution of its Gemini app. Furthermore, Rapidus, a Japanese chipmaker, is in discussions with Apple (NASDAQ:AAPL) and Google to mass-produce advanced semiconductors by 2027. This move is part of Rapidus’s plan to compete with major chip manufacturers by accelerating its production process.
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