JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
FRISCO, Texas—W. Bradley Bickham, President and Chief Operating Officer of Addus HomeCare Corp (NASDAQ:ADUS), a $1.74 billion market cap healthcare services provider with strong financial health according to InvestingPro analysis, executed a sale of 3,470 shares of common stock on February 24, according to a recent SEC filing. The shares were sold at an average price of $108.18 each, totaling approximately $375,384. This transaction was carried out under a previously established 10b5-1 plan to cover tax obligations arising from the vesting of restricted stock awards. The sale comes as technical indicators suggest the stock is currently in oversold territory, with shares down about 13% year-to-date.
Earlier in the week, on February 21, Bickham acquired 14,419 shares of common stock at no cost. These shares will vest in equal installments over the next three years, subject to certain conditions. Following these transactions, Bickham holds 53,949 shares of Addus HomeCare directly. For deeper insights into insider trading patterns and comprehensive analysis, including 12 additional ProTips, check out the full company report on InvestingPro.
In other recent news, Addus HomeCare Corporation reported its fourth-quarter 2024 earnings, which surpassed expectations with an earnings per share (EPS) of $1.38, above the forecasted $1.35. The company’s revenue also exceeded projections, reaching $297.1 million compared to the anticipated $284.28 million. Despite these positive financial results, Addus HomeCare’s stock experienced a decline of 9.33% in after-hours trading. The company recently completed a significant acquisition and introduced new technology aimed at improving caregiver services. Additionally, Addus HomeCare is navigating challenges in the clinical labor market, particularly with nursing staff, and is facing potential changes in Medicaid policy that could affect its operations. Analysts noted that Addus HomeCare’s strategic focus on mergers and acquisitions continues, as emphasized by the company’s CFO, Brian Poff. The company’s full-year revenue for 2024 reached $1.2 billion, reflecting a 9.1% increase from the previous year.
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