Alphabet director John Hennessy sells $32,379 in class C stock

Published 14/04/2025, 22:20
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John L. Hennessy, a director at Alphabet Inc. (NASDAQ:GOOGL), sold a total of $32,379 worth of the company’s Class C Capital Stock, according to a recent SEC filing. The transactions took place on April 14, 2025, and involved multiple sales totaling 200 shares. The shares were sold at prices ranging from $160.62 to $163.55 per share. The tech giant, currently valued at $1.94 trillion, maintains a strong financial health score according to InvestingPro analysis, with a P/E ratio of 20x and robust revenue growth of ~14% over the last twelve months.

Following these transactions, Hennessy holds 7,613 shares of Alphabet’s Class C Capital Stock through a trust. The sales were conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan for selling stocks in a non-manipulative manner. Based on InvestingPro’s Fair Value analysis, Alphabet currently appears undervalued, with 8 additional key insights available to subscribers through their comprehensive Pro Research Report, which offers deep-dive analysis of 1,400+ top US stocks.

In other recent news, Alphabet Inc. has been the subject of several notable developments. Piper Sandler has adjusted its outlook for Alphabet, reducing the company’s stock price target from $185 to $208 while maintaining an Overweight rating. The firm anticipates Alphabet will report revenues of $88.2 billion for the first quarter, indicating a 9.5% year-over-year increase, with significant contributions from Search, YouTube, and Cloud services. Additionally, Citizens JMP analyst Andrew Boone maintained a Market Perform rating for Alphabet, highlighting YouTube’s 10.7% year-over-year growth in global user engagement.

In another development, the Trump administration’s tariff exemptions on electronics have positively impacted Apple (NASDAQ:AAPL), a member of the Magnificent Seven stocks, which includes Alphabet. However, China’s decision to increase tariffs on U.S. goods has led to mixed reactions among these tech companies, with Alphabet’s stock remaining largely unchanged. Furthermore, Google’s DolphinGemma, a large language model, is aiding in decoding dolphin communication in collaboration with Georgia Tech and the Wild Dolphin Project. These recent developments underscore Alphabet’s ongoing efforts in diverse areas, from technology and AI to international trade dynamics.

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