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Craig Brubaker, the Chief Operating Officer of Alta Equipment Group Inc. (NYSE:ALTG), recently sold 5,294 shares of the company’s common stock. The transaction, which took place on March 5, 2025, was valued at approximately $26,470, with shares sold at a price of $5.0001 each. The sale comes as ALTG shares have declined over 52% in the past year, currently trading near their 52-week low of $4.65. According to InvestingPro analysis, the company appears fairly valued at current levels. Following this sale, Brubaker retains ownership of 98,640 shares. According to a footnote in the filing, the sale was conducted to cover tax withholding obligations related to the vesting of previously issued performance and restricted stock units under the company’s 2020 Omnibus Incentive Plan. The company, with a market capitalization of $165 million, faces some financial challenges, as highlighted by several InvestingPro metrics and tips. Subscribers can access 8 additional key insights about ALTG’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, Alta Equipment Group reported its fourth-quarter financial results for 2024, showcasing a mixed performance. The company experienced a 4.5% decline in quarterly revenue, bringing it to $498.1 million, although this figure surpassed some analyst expectations. For the full year, revenue remained flat at $1.88 billion compared to 2023. Alta Equipment Group also announced its adjusted EBITDA for 2024 at $168.3 million, which marked a decrease from the previous year’s $201 million. Despite these challenges, DA Davidson maintained a Buy rating for the company, with a price target of $11.00, indicating confidence in Alta’s valuation. The firm noted that while Alta’s Construction Equipment sector outperformed expectations, other sectors like Material Handling and Master Distribution did not meet forecasts. Looking ahead, Alta provided EBITDA guidance for 2025 between $175 million and $190 million, suggesting anticipated modest growth. The company plans to focus on operational efficiency and strategic capital allocation to navigate the current market environment.
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