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Claire Herkes, Executive Vice President of Conferences at Gartner Inc. (NYSE:IT), reported a sale of company stock valued at approximately $84,067. Gartner, a prominent player in the IT Services industry with a market capitalization of $34.4 billion, currently trades at $447.90 per share with a P/E ratio of 27.6x. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. The transaction, disclosed in a recent SEC filing, involved the sale of 188 shares at a price of $447.17 per share. Following this transaction, Herkes retains ownership of 4,074 shares in the technology research and consulting firm. InvestingPro data reveals that Gartner maintains a GOOD overall financial health score, though analysts have recently revised earnings expectations downward. Discover 10+ additional exclusive insights about Gartner with an InvestingPro subscription.
In other recent news, Gartner Inc. reported its first-quarter earnings for 2025, revealing adjusted earnings per share of $2.98, surpassing the forecast of $2.75. Revenue was consistent with expectations at $1.53 billion, marking a 4% increase year-over-year. Notably, Gartner’s free cash flow saw a significant rise of 73% compared to the previous year. Despite the positive earnings report, Gartner experienced a decline in new business, attributed to slower decision-making processes among clients and a significant renewal cycle with the US Federal Government, where approximately 40% of contracts were up for renewal, and only half were renewed. In light of these developments, BMO Capital Markets raised its price target for Gartner shares from $459 to $465, maintaining a Market Perform rating. The firm noted that the market had already anticipated some of the challenges faced by Gartner, such as the churn from the Federal Government contracts. Gartner’s guidance for 2025 projects at least $6.535 billion in total consolidated revenue, with an anticipated adjusted EPS of at least $11.70.
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