Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
Director Shriram Kavitark Ram reported selling 26,000 shares of Alphabet Inc. (NASDAQ:GOOGL) Class A Common Stock on August 15, 2025. The sales were executed at a price of $205 per share, with the transactions totaling $5.33 million. The stock, currently trading near its 52-week high of $207.05, has delivered a strong 25.73% return over the past year. According to InvestingPro analysis, Alphabet appears slightly overvalued at current levels.
According to the Form 4 filing with the Securities and Exchange Commission, Shriram sold 14,000 shares directly and 12,000 shares indirectly through a spouse. The price for these shares ranged from $205 to $206. Following the transactions, Shriram directly owns 229,400 shares and indirectly owns 228,400 shares through a spouse. With Alphabet’s market capitalization at $2.46 trillion and a P/E ratio of 21.46, the company maintains a GREAT financial health score according to InvestingPro metrics.
The filing also indicates that Shriram has indirect ownership of Alphabet Inc. stock through a limited partnership and several trusts, including the Ram Shriram TR UA 09/10/2021 2021 RS Irrevocable Trust, the Vijay Shriram TR UA 09/10/2021 2021 VS Irrevocable Trust, the Ram Shriram TR UA 10/28/2022 2022 RS Irrevocable Trust, the Vijay Shriram TR UA 10/28/2022 2022 VS Irrevocable Trust, the Ram Shriram TR UA 04/10/2025 2025 RS Irrevocable Trust and the Vijay Shriram TR UA 04/10/2025 2025 VS Irrevocable Trust.
These transactions were carried out under a pre-arranged 10b5-1 trading plan adopted on May 30, 2024.
In other recent news, Alphabet is in the spotlight as it awaits a crucial antitrust decision, with BMO Capital reiterating an Outperform rating and maintaining a $225 price target on the stock. The U.S. District Court previously found Google guilty of maintaining its search monopoly through exclusionary agreements. In a separate development, Perplexity, an AI search startup, has made a $34.5 billion bid to acquire Google Chrome, while Cantor Fitzgerald maintains a Neutral rating on Alphabet with a $201 price target. Meanwhile, OpenAI CEO Sam Altman expressed interest in acquiring Google Chrome and discussed ambitious future plans, including significant investments in data centers. On the technology front, Google has unveiled the Gemma (EGX:ECAP) 3 270M model, designed for efficient AI applications, adding to its expanding Gemma family. In related news, Northland has raised its price target for Terawulf Inc (NASDAQ:WULF). to $12, citing a partnership with Google as a significant factor. These developments reflect a period of strategic maneuvers and technological advancements involving Alphabet and its partners.
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