JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Sean Gaffney, Executive Vice President and Chief Legal Officer at Addus HomeCare Corp (NASDAQ:ADUS), a healthcare services provider with over $1.1 billion in annual revenue and an "GREAT" financial health rating according to InvestingPro, recently sold 1,532 shares of the company’s stock. The transaction, dated February 24, was executed at a price of $108.18 per share, resulting in a total sale value of approximately $165,731. The stock currently appears undervalued based on InvestingPro’s Fair Value analysis. This sale was conducted under a pre-established 10b5-1 plan, primarily to cover tax obligations related to the vesting of restricted stock awards.
Earlier, on February 21, Gaffney acquired 5,150 shares of common stock at no cost, as part of his compensation package. These shares will vest in equal installments over the next three years, provided certain conditions are met. Following these transactions, Gaffney holds 18,658 shares of Addus HomeCare stock directly. For comprehensive insider trading analysis and 12 additional ProTips about ADUS, visit InvestingPro.
In other recent news, Addus HomeCare Corporation reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $1.38, compared to the forecasted $1.35. The company’s revenue also exceeded projections, reaching $297.1 million against an anticipated $284.28 million. Despite these positive financial results, Addus HomeCare’s stock experienced a decline, which could be attributed to broader market concerns or specific challenges faced by the company. The company completed a significant acquisition and introduced new technology aimed at improving caregiver services. Analyst firms have taken note of these developments, although no specific upgrades or downgrades were mentioned. Addus HomeCare continues to face challenges in the clinical labor market, particularly with nursing staff, and potential changes in Medicaid policy remain a concern. The company’s full-year revenue reached $1.2 billion, reflecting a 9.1% increase from the previous year, highlighting its growth strategy and successful acquisition integration.
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