Julie Sweet, the Chair and CEO of global professional services firm Accenture (NYSE:ACN) PLC, sold 9,000 shares on Friday, November 3, 2023. This move comes as part of a trend of insider selling that has been observed at the company over the past year. Despite this trend, the stock price of the company has remained stable.
Sweet, who has been with Accenture since 2010, has served in various capacities including General Counsel, Secretary, Chief Compliance Officer and CEO of Accenture's North America business. She took over as Chair and CEO in 2019. The sale of her shares is part of a larger pattern at Accenture, where insiders have sold a total of 45,339 shares in the past year without any recorded purchases.
Accenture PLC is a global professional services company that provides strategy, consulting, digital technology, and operations services to clients across 120 countries. As of November 3, it had a market valuation of $196.5 billion.
Despite the ongoing insider selling trend at Accenture, the company's stock price has remained stable. On the day Sweet sold her shares, the price-earnings ratio stood at 29.07.
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