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CHARLOTTE, NC—Daniel Drees, President of AvidXchange Holdings , Inc. (NASDAQ:AVDX), recently executed a series of stock transactions involving the company’s common stock. According to the SEC Form 4, Drees sold shares totaling $264,134 on February 28, 2025. The sales were conducted at a weighted average price of $7.594 per share, with prices ranging from $7.53 to $7.70. These transactions were made to cover tax obligations related to the vesting of restricted stock units. The transaction comes as AvidXchange, currently valued at $1.52 billion, trades near its 52-week low of $6.89, with the stock down roughly 31% year-to-date. InvestingPro analysis indicates the stock is currently undervalued.
In addition to the sales, Drees acquired a total of 21,429 shares of common stock through the vesting of restricted stock units. These acquisitions were recorded at no cost to Drees, as the restricted stock units converted on a one-for-one basis into common stock upon vesting.
Following these transactions, Drees holds a total of 1,176,833 shares of AvidXchange common stock.
In other recent news, AvidXChange Holdings has seen several adjustments in analyst ratings and price targets following its latest financial disclosures. The company reported fourth-quarter results that generally exceeded expectations; however, its fiscal year 2025 guidance did not meet analysts’ projections. Barclays (LON:BARC) downgraded AvidXChange from Overweight to Equal Weight and reduced the price target to $8, citing macroeconomic challenges and a conservative outlook on growth. Piper Sandler also lowered its price target to $8 while maintaining a Neutral rating, reflecting concerns about the company’s transaction retention rate and growth prospects. Keefe, Bruyette & Woods adjusted their price target to $8, citing a cautious stance due to retention rates and economic uncertainties, while keeping a Market Perform rating. KeyBanc Capital Markets downgraded AvidXChange to Sector Weight, highlighting challenges in customer growth and macroeconomic headwinds despite some positive developments in payment monetization. Meanwhile, BTIG reduced its price target to $11 but maintained a Buy rating, pointing to AvidXChange’s strong market position and potential for growth in the B2B payments sector. These recent developments indicate a mixed outlook among analysts, with a general trend towards caution due to economic and operational challenges.
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