A director at Gen Digital Inc. sold 47,462 ordinary shares on August 21 for a total of $1.376 million, according to regulatory filings.
Ondrej Vlcek, the insider, disposed of the shares at prices ranging from $29.00 to $29.005, with a weighted average of $29.0002 per share. The disposal reduced his direct holdings to 3,685,262 shares, while an additional 302,000 shares remain held indirectly through the Vlcek Family Foundation.
The transaction follows a period of strong performance for Gen Digital’s stock, which has gained roughly 33% over the past six months and trades near its 52-week high of $31.12. The company’s first-quarter results, reported earlier this month, exceeded analyst expectations, with adjusted earnings per share of $0.71 versus a $0.69 forecast and revenue of $1.34 billion against a $1.27 billion estimate.
Revenue grew 11% year-over-year, marking the fastest expansion rate since the company’s inception. Bookings also increased by 11% compared with the prior year, according to the filing.
Gen Digital’s shares are currently rated as having a "great" financial health score by InvestingPro, reflecting the company’s recent operational and market momentum.
