JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Gregory John Heller, Executive Vice President, Chief Legal Officer, and Secretary of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK), recently sold 25,000 shares of the company’s Series C Common Stock. The transaction, which took place on March 3, 2025, was executed at a price of $41.00 per share, amounting to a total of $1.03 million. This sale was conducted under a Rule 10b5-1 trading plan established by Heller on September 9, 2024. The sale price represents a premium to the current market value of $40.16, with the stock trading near its 52-week high of $44.42. According to InvestingPro analysis, the company, valued at $2.5 billion, currently appears overvalued relative to its Fair Value.
In a separate transaction on the same day, Heller acquired 25,000 shares through the exercise of stock options at a price of $27.18 per share. Following these transactions, Heller’s direct ownership stands at 14,876 shares. InvestingPro data shows the stock typically trades with low volatility, with analysts setting price targets between $45 and $60. For deeper insights into BATRK’s valuation and 8 additional key ProTips, subscribers can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Atlanta Braves Holdings announced its fourth-quarter earnings for 2024, which revealed a significant shortfall in both earnings per share (EPS) and revenue forecasts. The company reported an EPS of -$0.31, missing the anticipated -$0.19, while revenue for the quarter came in at $52.1 million, falling short of the forecasted $68.5 million. Despite these results, the company saw a full-year revenue increase to $662.7 million from $640.7 million in 2023. The company is also preparing to host the MLB All-Star Game in 2025, which is anticipated to enhance visibility and revenue. On the development front, Atlanta Braves Holdings is focused on expanding Battery Atlanta and has announced new partnerships, such as those with FanDuel Sports Network and Gray Media, to broaden its media reach. The company has also been active in securing top talent, welcoming All-Star outfielder Jurickson Profar to the team. Executives highlighted the importance of maintaining liquidity and expressed confidence in the company’s strategic direction and competitive position in Major League Baseball.
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