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Ryan Stahl, General Counsel and Secretary at AvidXchange Holdings , Inc. (NASDAQ:AVDX), reported a series of stock transactions on February 28, 2025, according to a recent SEC filing. Stahl sold a total of 19,916 shares of AvidXchange common stock at an average price of $7.594 per share, resulting in a total transaction value of approximately $143,648. The transaction occurs as the stock trades near its 52-week low of $6.89, with InvestingPro data showing technical indicators suggesting oversold conditions.
The sales were part of a planned transaction to cover tax withholding obligations related to the vesting and settlement of restricted stock units. Additionally, Stahl acquired 11,963 shares of common stock through the vesting of restricted stock units, which converted on a one-for-one basis. Following these transactions, Stahl holds a total of 666,431 shares of AvidXchange, a company that has demonstrated strong revenue growth of 15.29% over the last twelve months. According to InvestingPro’s Fair Value analysis, the stock currently appears undervalued, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
In other recent news, AvidXChange Holdings has been the subject of several analyst revisions following its fourth-quarter results and fiscal year 2025 guidance. Barclays (LON:BARC) downgraded AvidXChange’s stock from Overweight to Equal Weight, adjusting the price target to $8, citing concerns over macroeconomic challenges and a guidance that did not meet Wall Street’s expectations. Similarly, Piper Sandler reduced its price target from $10 to $8 while maintaining a Neutral rating, pointing to a challenging economic environment and a lower-than-expected transaction retention rate. Keefe, Bruyette & Woods also adjusted their price target to $8, maintaining a Market Perform rating due to uncertainties in the macroeconomic landscape and retention rates. KeyBanc Capital Markets downgraded the stock from Overweight to Sector Weight, noting disappointment with the FY25 outlook despite positive developments in payment revenue monetization. Lastly, BTIG decreased its price target to $11 but retained a Buy rating, highlighting AvidXChange’s potential for growth in the B2B payments sector despite a lower revenue forecast for FY25. These recent developments reflect a cautious stance from analysts amid ongoing economic challenges and AvidXChange’s revised financial outlook.
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