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Richard E. Allen, a director at Insight Enterprises Inc. (NASDAQ:NSIT), recently sold 6,801 shares of the company’s common stock. The transaction, which took place on February 26, 2025, amounted to a total value of approximately $1.06 million. The shares were sold at a weighted average price of $156.51, with individual transaction prices ranging from $154.79 to $157.43. Following this sale, Allen holds 25,175 shares indirectly through a trust.This sale comes as NSIT trades near its 52-week low, having declined about 29% over the past six months. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. Notably, management has been actively buying back shares, demonstrating confidence in the company’s prospects.Want deeper insights into insider trading patterns and 12+ additional exclusive ProTips? Discover comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Insight Enterprises has announced the upcoming retirement of board director Kathleen S. Pushor. The decision was disclosed in a recent SEC filing, where Pushor stated her intention to retire and not stand for re-election at the company’s annual meeting of stockholders. As a result, Insight Enterprises plans to reduce its number of directors from 12 to 11, effective with her retirement. Additionally, Insight Enterprises has strengthened its alliance with Amazon (NASDAQ:AMZN) Web Services (AWS) through a Strategic Collaboration Agreement to enhance its cloud services. This agreement aims to improve cloud management for small to mid-sized businesses, commercial enterprises, and the public sector, focusing on data, AI, and IoT. Insight Enterprises, as an AWS Premier Tier Services Partner, is optimizing AWS usage by managing consumption, costs, and technical support. The company recently assisted a biopharmaceutical firm in migrating over 100 terabytes of data to AWS, achieving significant cost savings. Insight’s collaboration with AWS is part of its broader strategy to support clients’ digital transformation efforts.
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