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Christopher Callesano, Principal Accounting Officer at Moelis & Co (NYSE:MC), recently reported a significant transaction involving the sale of company stock. According to an SEC filing, Callesano sold 1,282 shares of Class A common stock on February 19, 2025, at a price of $74 per share, totaling $94,868.
The sale was part of a series of transactions disclosed in the filing. In addition to the sale, Callesano also exercised options to acquire shares through the settlement of Restricted Stock Units (RSUs). These transactions involved multiple incentive restricted stock units from the years 2019 to 2023, which were settled for Class A common stock. These acquisitions were made at no cost, as indicated in the filing. Notably, Moelis & Co has demonstrated strong financial performance, with revenue growth of nearly 40% in the last twelve months and a robust gross profit margin of 92%.
The filing further revealed that Callesano disposed of a small portion of shares to cover tax obligations, with 2.48 shares sold at $74 per share, amounting to $183. Following these transactions, Callesano holds 1,227 shares of Moelis & Co’s Class A common stock.
Investors and analysts often closely monitor such insider transactions as they can provide insights into the executive’s confidence in the company’s future performance.
In other recent news, Moelis & Company reported a significant rise in its fourth-quarter and full-year financial results. The firm announced fourth-quarter revenues of $438.7 million, marking a 104% increase compared to the same period last year, while full-year GAAP revenues reached $1,194.5 million. Adjusted revenues for the year were slightly higher at $1,201.5 million, representing a 40% increase from the previous year. Additionally, Moelis & Company has increased its quarterly dividend by 8% to $0.65 per share, reflecting its strong financial performance.
Furthermore, Keefe, Bruyette & Woods raised its price target for Moelis to $92, up from $86, maintaining an Outperform rating, citing the company’s substantial revenue figures that exceeded expectations. In other developments, Moelis & Co announced a $25 million retention award for CEO Ken Moelis, aiming to ensure leadership continuity. The units will vest in 2029, aligning Mr. Moelis’ interests with the company’s long-term performance. Lastly, board member John Allison retired after a decade of service, as disclosed in an SEC filing, with no immediate successor announced.
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