Rajesh Kalathur, Director at AMERICAN TOWER CORP /MA/ (AMT), bought 2,829 shares at $177.00 ($501K) on 2026-08-21, disclosed to the SEC on 2026-08-25.
Director Rajesh Kalathur purchased $500,733 worth of shares at $177.00, marking the largest insider purchase in the company's history, which may signal confidence in the stock's valuation after a significant year-long decline.
The stock has rallied 7.02% over the last 30 days to $178.40, but remains down 15.5% over the past year and trades 15.82% below its 52-week high of $211.92.
1) Barclays upgrade to 'Overweight' on August 20 citing decade-low valuations for U.S. tower operators; 2) Potential catalysts from CoreSite data center business momentum highlighted in the August 21 Barclays upgrade; 3) Ongoing rotation into infrastructure plays noted in the August 18 MarketBeat article.
The stock trades at a premium PE of 24.53 compared to the broader REIT sector, and the recent 27.5% five-year share price decline suggests the market remains skeptical of the company's growth trajectory.
Something here stands out, but not much.
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| DE | SELL | 2025-02-19 | $24.6M | — | Filing → |
| DE | SELL | 2022-03-08 | $13.0M | — | Filing → |
| DE | SELL | 2021-03-16 | $10.3M | — | Filing → |