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Frances (BCBA:BBARm) Arnold, a director at Alphabet Inc. (NASDAQ:GOOGL), recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Arnold sold 121 shares of Alphabet’s Class C Capital Stock on February 28, 2025, at a price of $170.30 per share. The total value of the transaction amounted to $20,606. The sale comes as Alphabet, with its impressive $2.04 trillion market capitalization, has seen its stock decline about 11% year-to-date, though it maintains a strong financial health score according to InvestingPro analysis.
Following this sale, Arnold retains ownership of 16,938 shares of Class C Capital Stock. The transaction was executed as part of a pre-arranged trading plan under Rule 10b5-1, which was adopted on July 26, 2024. The stock currently trades at a P/E ratio of 20.8, and InvestingPro analysis suggests the stock may be slightly undervalued, with additional insights available in the comprehensive Pro Research Report covering this tech giant.
In addition to the Class C Capital Stock, Arnold holds various Class C Google Stock Units (GSUs), which entitle her to receive shares of Alphabet Inc. as they vest. These GSUs are subject to a vesting schedule, with portions vesting monthly, contingent upon her continued service on the board. The company demonstrates strong fundamentals, maintaining more cash than debt on its balance sheet and showing robust cash flows that sufficiently cover interest payments.
In other recent news, Alphabet Inc.’s Google has secured a $2.5 billion cloud contract with Salesforce (NYSE:CRM) Inc., marking a significant development in its competition with Microsoft (NASDAQ:MSFT)’s productivity and AI offerings. Salesforce has committed to spending this amount over seven years on Google’s cloud services, allowing its customers to utilize Google Cloud for various products. Additionally, Google has announced the public preview of a free version of its AI-coding assistant, Gemini Code Assist, aimed at making AI tools more accessible to developers. This initiative supports all public domain programming languages and offers up to 180,000 code completions per month. In a move related to advertising, Google updated its personalized ads policy, allowing certified advertisers to personalize app campaigns for games of skill in India, excluding gambling. Furthermore, Sergey Brin, Google’s co-founder, has urged employees to return to the office to enhance the company’s efforts in artificial general intelligence, specifically targeting those working on the Gemini AI models. These recent developments highlight Google’s strategic efforts in expanding its cloud and AI capabilities, as well as its advertising policies.
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