Crispr Therapeutics shares tumble after significant earnings miss
In a recent transaction, James Jeter, the Chief Revenue Officer of RB Global Inc. (NYSE:RBA), sold 3,500 shares of the company’s common stock. The shares were sold at a price of $104.38 each, resulting in a total transaction value of $365,330. Following this sale, Jeter retains ownership of 16,167 shares. This sale was executed on May 12, 2025, as reported in the SEC filing.The transaction comes as RB Global, with a market capitalization of $19.3 billion, trades near its 52-week high of $107.99. The stock has delivered an impressive 36% return over the past year, though it currently trades at a relatively high P/E ratio of 51. According to InvestingPro analysis, the stock appears to be fairly valued, with 12 more exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, RB Global reported fourth-quarter earnings that exceeded analyst expectations, driven by a 10% year-over-year revenue increase to $1.14 billion, surpassing projections of $1.06 billion. The company achieved adjusted earnings per share of $0.95, beating the consensus estimate by $0.16. This robust performance was bolstered by a 2% rise in total gross transaction value to $4.1 billion, with notable growth in the automotive sector. Additionally, service revenue grew 8% to $875.5 million, while inventory sales revenue rose 15% to $266.1 million. In a strategic move, RB Global announced the acquisition of J.M. Wood Auction Co., expected to finalize in the second quarter of 2025, enhancing its presence in Alabama and neighboring states. Analyst activity included RBC Capital Markets raising Ritchie Bros’ price target from $107 to $116, maintaining an Outperform rating. BMO Capital Markets also lifted its price target to $120, citing strong fourth-quarter results and reaffirming an Outperform rating. Both firms highlighted confidence in Ritchie Bros’ growth potential, despite anticipating a softer start to 2025.
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