Wipro CFO Chandrasekhar Aparna Iyer Sells $159,000 in Shares Amid Positive Revenue Trends
Insider Transaction: Chandrasekhar Aparna Iyer Sells $159K Worth Of Wipro Shares
Benzinga
Image: Benzinga
Chandrasekhar Aparna Iyer, Chief Financial Officer of Wipro, sold 75,000 shares worth $159,000 on May 12, 2023, as reported in a recent SEC filing. Despite this insider sale, Wipro has shown a 2.89% revenue growth over the past three months, indicating a positive financial trajectory.
- 01Chandrasekhar Aparna Iyer sold 75,000 shares of Wipro for $159,000.
- 02Wipro's shares are currently trading at $1.86, down 1.4%.
- 03The company achieved a 2.89% revenue growth rate as of March 31, 2026.
- 04Wipro's EPS stands at 3.34, exceeding the industry average.
- 05The P/E ratio of 13.98 suggests potential undervaluation of Wipro's stock.
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On May 12, 2023, Chandrasekhar Aparna Iyer, the Chief Financial Officer of Wipro, sold 75,000 shares valued at $159,000, according to a Form 4 filing with the U.S. Securities and Exchange Commission. Following this insider transaction, Wipro's stock is trading at $1.86, reflecting a 1.4% decline. Despite the insider sell, Wipro has reported a 2.89% revenue growth as of March 31, 2026, indicating a positive financial outlook. The company's earnings per share (EPS) is 3.34, which is above the industry average, showcasing strong bottom-line performance. However, Wipro's gross margin is relatively low at 29.07%, indicating challenges in cost efficiency. The firm's price-to-earnings (P/E) ratio of 13.98 suggests that the stock may be undervalued compared to its peers, while a higher price-to-sales (P/S) ratio of 1.99 indicates it may be perceived as overvalued in relation to sales performance. Insider trading, while providing insights into executive confidence, should be analyzed alongside other financial indicators for informed investment decisions.
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Wipro's financial performance and insider transactions can influence investor sentiment and stock price, potentially affecting shareholders and market analysts.
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