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Donna J. Hrinak, a director at Adtalem Global Education Inc. (NYSE:ATGE), recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Hrinak sold 4,812 shares of common stock on February 14, 2025. The transaction comes as ATGE shows remarkable strength, with InvestingPro data revealing a 119.5% return over the past year and a perfect Piotroski Score of 9, indicating strong financial health. The shares were sold at a weighted average price of $103.26, with prices ranging from $102.69 to $103.93, totaling approximately $496,871. Following this transaction, Hrinak retains ownership of 8,032 shares in the company. With the stock currently trading at $105.91 and analyst targets ranging from $115 to $124, InvestingPro subscribers can access comprehensive insider trading analysis and 10+ additional exclusive ProTips to better understand this $3.93B market cap company’s outlook.
In other recent news, Adtalem Global Education has been the subject of several significant developments. BMO Capital Markets analyst Jeffrey Silber raised the education provider’s stock price target from $108.00 to $115.00, maintaining an Outperform rating. This decision comes after Adtalem’s financial performance exceeded expectations, with both revenue and earnings surpassing forecasts. In addition, Adtalem reported robust financial results for the fourth quarter of 2024, surpassing analysts’ expectations with an earnings per share (EPS) of $1.81 against a forecast of $1.38. Revenue reached $447.7 million, exceeding the anticipated $416.26 million. Due to these strong results, Adtalem revised its financial guidance for fiscal year 2025 upwards, now anticipating approximately a 2% increase in revenue and a 6% rise in adjusted earnings per share. These are recent developments indicating a positive trajectory for the company.
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