Gold prices edge higher on raised Fed rate cut hopes
Matthew Campobasso, General Counsel at Enfusion, Inc. (NYSE:ENFN), recently sold 976 shares of the company's Class A Common Stock. The shares were sold on January 7 at a weighted average price of $10.13, amounting to a total transaction value of $9,886. The stock, which has gained nearly 23% over the past six months, currently trades near InvestingPro's Fair Value estimate. With a market capitalization of $1.3 billion and strong liquidity metrics, including a current ratio of 3.6, the company maintains a solid financial position. Following this sale, Campobasso retains ownership of 52,651 shares. The transaction was conducted to cover tax withholding obligations related to the issuance of shares, as noted in the filing. InvestingPro analysis reveals the company operates with moderate debt levels and maintains healthy financial metrics. Subscribers can access 10 additional ProTips and a comprehensive Pro Research Report, offering deeper insights into ENFN's valuation and growth prospects.
In other recent news, Enfusion Inc. reported a robust Q3 growth marked by a 15% increase in year-over-year revenue, reaching $51.2 million. The company's adjusted EBITDA stood at $11.1 million, signifying a 21.8% margin. Enfusion's annual recurring revenue surpassed $200 million, a 14% increase year-over-year. Additionally, the net dollar retention rate remained steady at 102%.
The company signed 38 new clients, bringing the total to 894, and reported an average total value of $229,000, up by 5.7% year-over-year. Revenue growth was notable across all regions, with the Americas, EMEA, and Asia-Pacific seeing increases of 17%, 22%, and 6% respectively.
Enfusion has updated its full-year revenue guidance to between $202 million and $205 million, with EBITDA guidance at $41 million to $45 million. The company's management expressed confidence in achieving its medium-term revenue growth target of 20% to 22% from 2025 to 2027. These are among the recent developments concerning the company's financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.