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In a recent filing with the Securities and Exchange Commission, Yvonne Genovese, Executive Vice President of Research & Advisory at Gartner Inc. (NYSE:IT), disclosed the sale of 1,740 shares of the company’s common stock. The transaction, dated February 26, 2025, was executed at a price of $506.47 per share, totaling approximately $881,257.
Following the sale, Genovese retains ownership of 4,889 shares of Gartner stock. This transaction is part of the regular reporting by company executives and is closely monitored by investors for insights into insider trading activities. InvestingPro analysis shows the stock has demonstrated low price volatility, with a 5.7% total return over the past year. Discover 12 more exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Gartner Inc. reported fourth-quarter results that surpassed analyst expectations. The company posted adjusted earnings per share of $5.45, significantly exceeding the consensus estimate of $3.26. Revenue for the quarter reached $1.7 billion, slightly above the anticipated $1.69 billion. Gartner’s contract value, an important indicator of future revenue, grew by 8% year-over-year to $5.3 billion on a foreign exchange neutral basis. For the full year 2024, Gartner reported a 6% increase in revenue, amounting to $6.3 billion, and a 24% rise in adjusted earnings per share to $14.09. The Research segment, Gartner’s largest by revenue, experienced a 5% growth in the fourth quarter, while the Conferences and Consulting segments saw growth of 17% and 19%, respectively. The company generated $311 million in free cash flow during the quarter, marking a 59% increase from the previous year, and $1.38 billion for the full year, up 31%. CEO Gene Hall mentioned plans to continue hiring to support sustained double-digit growth into 2025.
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