Visa Insider Sells $700K Worth of Stock Amid Ongoing Trend

Rajat Taneja, President of Technology at Visa Inc (V), recently sold 17,927 shares of the company on August 21, according to a recent SEC filing. This sale adds to a year-long trend of insider selling at Visa, with no corresponding purchases made by insiders.

The sale brings Taneja's total shares owned to 232,112. Over the past year, he has sold a total of 47,975 shares and purchased none. This pattern suggests that company insiders are reducing their exposure to the stock.

Visa Inc operates one of the world's most recognized electronic payments networks, facilitating digital currency transactions across more than 200 countries and territories. The company generates revenue primarily through service fees, data processing fees, and international transaction revenues.

The stock is trading at a price-earnings ratio of 32.52, which is higher than the industry median but lower than Visa's historical median. GuruFocus' GF Value metric estimates the intrinsic value of the company to be $422.27, suggesting that the current share price of $371 is modestly below what the company is worth.