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Andrew Snyder, a director at Clarivate PLC (NYSE:CLVT), recently acquired 237,176 ordinary shares of the company, according to a filing with the Securities and Exchange Commission. The transaction, which took place on March 14, 2025, was valued at approximately $989,023, with shares purchased at a weighted average price of $4.17. The purchase comes as the stock has declined nearly 38% over the past six months, with InvestingPro analysis indicating the stock is currently trading below its Fair Value. Following this acquisition, Snyder holds a substantial number of shares through various entities, including Cambridge Information Group and the Snyder 2011 Family Trust. InvestingPro data shows management’s confidence in the company’s future, with strong gross profit margins of 66% and analysts forecasting profitability in 2025. Discover more insights about CLVT’s insider trading patterns and 12 additional ProTips with an InvestingPro subscription.
In other recent news, Clarivate PLC reported its fourth-quarter 2024 earnings, revealing an adjusted diluted earnings per share (EPS) of $0.21, slightly surpassing the forecast of $0.20. However, the company fell short on revenue, generating $663 million compared to the anticipated $670.96 million. For the full year, Clarivate achieved a revenue of $2.56 billion and an adjusted diluted EPS of $0.73. Looking ahead, the company projects 2025 revenue at $2.34 billion with an EPS range of $0.60 to $0.70. In other developments, Clarivate announced the retirement of board member Michael J. Angelakis, effective May 2025, with no immediate successor named. The company is also transitioning towards a subscription-based model, aiming to enhance recurring revenue and optimize operations. Additionally, Clarivate is exploring strategic alternatives, including potential divestitures, to unlock value and drive growth. Investors and analysts will be monitoring these changes closely as Clarivate seeks to improve its financial performance and strategic positioning.
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