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Kirk Sterling Cheney, Executive Vice President, General Counsel, and Corporate Secretary at Pennant Group, Inc. (NASDAQ:PNTG), a healthcare services company with a market capitalization of $834 million, sold 880 shares of common stock on July 28, 2025, at a price of $23.34, for a total value of $20,539. The transaction comes as the stock has shown strong momentum, gaining over 9% in the past week according to InvestingPro data.
Following the transaction, Cheney directly owns 13,120 shares of Pennant Group, Inc. The sale was executed under a Rule 10b5-1 trading plan adopted on August 26, 2022. The company currently trades at a P/E ratio of 28.8x and has demonstrated robust revenue growth of 31% over the last twelve months. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access the detailed Pro Research Report.
The Form 4 filing, dated August 7, 2025, notes that the filing was late due to an inadvertent administrative error. According to InvestingPro’s Financial Health assessment, Pennant Group maintains a "GOOD" overall rating, with particularly strong growth metrics.
In other recent news, The Pennant Group, Inc. held its Annual Meeting of Stockholders, where key resolutions were announced, including the election of directors. During the meeting, which saw participation from a majority of shareholders, two Class III directors were elected to serve until the 2028 Annual Meeting. Stephen M.R. Covey received 17,627,587 votes in favor, 8,061,411 against, and 26,122 abstentions. Suzanne D. Snapper was elected with 25,659,115 votes for, 28,164 against, and 27,841 abstentions. The meeting represented over 28 million shares out of the 34.7 million entitled to vote, highlighting significant shareholder engagement. Additionally, both directors had broker non-votes of 2,370,446. These developments mark an important step in the governance of The Pennant Group.
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