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James Kenigsberg, a director at American Public Education Inc. (NASDAQ:APEI), recently sold 600 shares of the company’s common stock. The education company, with a market capitalization of $388 million, has seen its stock surge nearly 97% over the past year, according to InvestingPro data. The transaction, which took place on February 6, was part of a pre-established Rule 10b5-1 trading plan adopted on August 8, 2024. The shares were sold at a price of $22.39 each, totaling $13,434. Following this sale, Kenigsberg retains direct ownership of 26,432 shares in the company. InvestingPro analysis indicates the stock is currently undervalued, with 12 additional ProTips available covering everything from earnings growth to financial health metrics. For comprehensive insider trading patterns and detailed financial analysis, access the full Pro Research Report, available for APEI and 1,400+ other US stocks.
In other recent news, American Public Education Inc. (APEI) has reported steady growth in its third-quarter earnings for 2024. The company disclosed a 1.5% year-over-year increase in revenue to $153 million, marking its fourth consecutive quarter of growth. The company’s adjusted EBITDA for the quarter exceeded expectations, reaching $12.9 million, while net income amounted to $731,000, or $0.04 per diluted share.
APEI’s focus on nursing and healthcare programs is driving demand, with significant enrollment growth noted, particularly in online programs. The company anticipates a 3% to 4% increase in full-year revenue for 2024 compared to 2023, and adjusted EBITDA is expected to grow by 7% to 12% from 2023.
In other recent developments, APEI projects a 4% to 6% increase in net registrations for Q4 2024. Despite an increase in total expenses by $3.5 million in Q3 2024, mainly due to higher compensation and professional fees, the company’s financial position remains strong with $162.2 million in cash and equivalents. APEI continues to show confidence in its growth trajectory and commitment to enhancing value for students and stakeholders.
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