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DENVER—Tameron David, the Chief Financial Officer of BKV Corp (NASDAQ:BKV), recently sold a substantial portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, David sold 5,000 shares of BKV Corp common stock on April 3, 2025. The shares were sold at a weighted average price of $20.0313, totaling $100,156. The energy company, currently valued at $1.72 billion, has seen its stock trading near its 52-week low at $17.11.
The sale was conducted under a Rule 10b5-1 trading plan that David adopted on December 12, 2024. Following this transaction, David holds 47,779 shares directly. Additionally, he has indirect ownership of 300 shares, attributed to holdings by his son. While the company reported losses of $2.00 per share over the last twelve months, InvestingPro analysts project a return to profitability this year.
This transaction reflects a strategic move within the parameters of a pre-established trading plan, allowing for the systematic sale of shares over time. Investors often scrutinize such filings to gauge insider sentiment and potential future movements in stock prices. Notably, analysts maintain a bullish outlook on BKV, with comprehensive insider trading analysis and additional insights available through InvestingPro’s detailed research reports.
In other recent news, BKV Corporation reported a net loss of $57 million for Q4 2024, with revenue reaching $119.78 million. Despite the loss, the company generated a positive adjusted free cash flow of $92 million for the year and maintained a total liquidity of $436 million. Additionally, BKV announced the appointment of Dilanka Seimon as Chief Commercial Officer, aiming to enhance its commercial and carbon capture initiatives. KeyBanc Capital Markets adjusted its price target for BKV Corp to $25 from $27, maintaining an Overweight rating due to a less-than-expected earnings projection for BKV’s Power joint venture. The Power segment’s EBITDA guidance was revised to $130 million to $170 million, below the previously anticipated range, highlighting challenges in this area. Despite these developments, BKV remains focused on expanding its carbon capture projects, with plans to invest significantly in upstream development and carbon capture initiatives for 2025. These recent developments reflect BKV’s ongoing efforts to navigate market dynamics and strengthen its business operations.
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