Getty Images general counsel sells $66,258 in stock

Published 27/03/2025, 21:32
Getty Images general counsel sells $66,258 in stock

SEATTLE—Kjelti Wilkes, the General Counsel at Getty Images Holdings, Inc. (NYSE:GETY), recently sold 31,254 shares of Class A common stock, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at an average price of $2.12 each, totaling $66,258. The stock, which InvestingPro analysis indicates is currently trading near its 52-week low, has seen a significant decline of over 50% in the past year.

The transaction was executed on March 25, 2025, as part of a non-discretionary sale to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units and performance restricted stock units. These sales were carried out under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan for selling stocks. According to InvestingPro data, Getty Images maintains strong fundamentals with a 73% gross profit margin, despite recent market pressure. The stock currently appears undervalued based on InvestingPro’s Fair Value analysis.

Following this transaction, Wilkes holds 265,803 shares in Getty Images. The sale was executed in multiple trades, with prices ranging from $2.06 to $2.21 per share. For comprehensive insider trading analysis and additional insights, including 12 more ProTips about Getty Images, visit InvestingPro.

In other recent news, Getty Images Holdings Inc. reported robust financial results for the fourth quarter of 2024, with revenue reaching $247.3 million, surpassing forecasts. The company’s adjusted EBITDA increased by 11.7%, and its net leverage fell below 4x for the first time in over a decade. Citi analysts have resumed coverage of Getty Images with a Neutral rating and a price target of $2.45, noting the potential benefits of Getty’s upcoming merger with Shutterstock (NYSE:SSTK), which is expected to yield significant cost savings and a strategic shift towards subscription revenue. Benchmark analysts adjusted their financial outlook for Getty Images, reducing the price target to $4.50 while maintaining a Buy rating, following fourth-quarter revenue that exceeded expectations. Despite challenges in the Creative and Editorial segments, Benchmark raised its 2025 ’Other’ revenue estimate by 18% due to strong data licensing performance. JMP analysts have reiterated a Market Outperform rating for Getty Images with a $34 price target, highlighting the company’s earnings growth and revenue diversification. These developments indicate ongoing strategic shifts and financial adjustments for Getty Images as it navigates market challenges and opportunities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.