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Seth Krauss, Chief Administrative Officer and Senior Counsel at Endeavor Group Holdings, Inc. (NYSE:EDR), a $14.47 billion market cap entertainment company that has shown strong revenue growth of ~42% over the last twelve months, recently sold shares worth approximately $592,789. The transactions, disclosed in a recent SEC filing, took place over several days in February.
On February 24, Krauss sold 13,280 shares of Class A Common Stock at a weighted average price of $30.0267. Following this, on February 25, he sold an additional 6,440 shares at prices ranging from $30.1263 to $31.22. These sales were executed to cover taxes and fees related to the vesting of certain restricted stock unit awards. According to InvestingPro analysis, EDR is currently trading at a high earnings multiple, though the company maintains a FAIR financial health score.
The transactions resulted in Krauss owning 94,676 shares of Endeavor Group following the sales. For deeper insights into EDR’s valuation and additional ProTips, explore the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Endeavor Group Holdings Inc . reported a strong financial performance in its fourth-quarter earnings call, driven by significant growth in its Prime subscription model. The company achieved a 40% year-over-year increase in cash EBITDA, reaching $124 million, and a 91% rise in free cash flow to $69 million, excluding non-prime working capital. Prime members now contribute 67% of the group’s cash revenue, highlighting the effectiveness of Endeavor’s strategic focus on expanding its membership base. The company has also repurchased €40.1 million of treasury shares, enhancing shareholder value. Looking ahead, Endeavor aims to add over 1 million new Prime members by FY 2026, with projections for cash EBITDA between €215-220 million. Analysts have noted the company’s ambitious targets for continued growth in Prime membership, which is expected to grow by more than 10% in FY 2027-2028. Despite potential challenges such as market saturation and economic downturns, Endeavor remains focused on its transformative potential in the travel subscription market.
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