Nvidia among investors in xAI’s $20bn capital raise - Bloomberg News
John McCartney, a director at Huron Consulting Group Inc. (NASDAQ:HURN), a $2 billion market cap consulting firm with a GREAT financial health rating according to InvestingPro, has recently sold 500 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $124.65 each, totaling $62,325. Following the transaction, McCartney holds 56,688 shares of the company. The sale was conducted automatically as part of a pre-arranged trading plan established on August 15, 2024. While this insider sale occurred, InvestingPro data shows management has been actively buying back shares, and the stock has gained over 27% in the past six months. Analysts maintain a Strong Buy consensus with price targets reaching $142. Get access to 8 more key ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Huron reported a 3% increase in Q3 2024 revenue and a 21% rise in adjusted earnings per share year-over-year. Additionally, the company has narrowed its full-year revenue guidance to $1.47 billion to $1.49 billion and raised the adjusted diluted EPS forecast to $6.00 to $6.20. Alongside these financial updates, Huron announced the strategic acquisition of AXIA Consulting to enhance its supply chain services and the promotion of Hope Katz to executive VP and general counsel. Huron also revealed the appointment of Hugh E. Sawyer as its independent, non-executive chairman, effective January 1, 2025. These recent developments underline Huron's commitment to growth and leadership development within its ranks.
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