Microvast Holdings announces departure of chief financial officer
CHICAGO—H. Eugene Lockhart, a director at Huron Consulting Group Inc. (NASDAQ:HURN), recently sold shares in the company, according to a filing with the Securities and Exchange Commission. The transaction, which took place on January 2, involved the sale of 1,042 shares of common stock at an average price of $124.65 per share. This sale, executed automatically under a pre-established Rule 10b5-1 trading plan adopted on May 9, 2024, totaled approximately $129,885. The $2 billion market cap company has shown strong momentum, with shares rising 27% over the past six months, while management has been actively buying back shares.
Following this transaction, Lockhart retains direct ownership of 25,714 shares in Huron Consulting Group. The company, headquartered in Chicago, is known for providing management consulting services. According to InvestingPro, the company maintains strong financial health with a "GREAT" overall rating, while analysts see potential 12% upside from current levels. For deeper insights into HURN's valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Huron Consulting Group has reported several significant developments. The company posted a 3% increase in Q3 2024 revenue compared to the same period in 2023, along with a 21% rise in adjusted earnings per share year-over-year. Despite project work delays shifting revenue from Q3 to Q4, Huron remains optimistic about its growth trajectory, particularly in its Commercial and Healthcare segments. Furthermore, the company has narrowed full-year revenue before reimbursable expenses guidance to $1.47 billion to $1.49 billion, and raised the adjusted diluted EPS forecast to $6.00 to $6.20.
In addition to financial results, Huron announced the strategic acquisition of AXIA Consulting, a move aimed at bolstering its supply chain services. This acquisition is expected to enhance Huron's capabilities in the industrials, manufacturing, retail, and healthcare sectors, and broaden its technology portfolio with advanced Microsoft (NASDAQ:MSFT) capabilities.
Huron also announced leadership changes, promoting Hope Katz to executive VP and general counsel, and appointing Hugh E. Sawyer as its independent, non-executive chairman, effective January 1, 2025. These recent developments underline Huron's strategic focus on growth and resilience in a dynamic market.
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