Root director Jerri Devard sells $268,142 in stock

Published 06/06/2025, 22:10
Root director Jerri Devard sells $268,142 in stock

Jerri Devard, a director at Root, Inc. (NASDAQ:ROOT), recently sold 1,895 shares of Class A Common Stock, according to a filing with the Securities and Exchange Commission. The shares were sold on June 5, 2025, at a price of $141.50 per share, amounting to a total transaction value of $268,142. The sale was conducted to cover taxes associated with the settlement of restricted stock units. Following this transaction, Devard holds 18,532 shares directly. Root’s stock, currently trading at $151.51, has seen remarkable growth with a 182% return over the past year. According to InvestingPro analysis, the company maintains a strong financial position with a GREAT overall health score.

Earlier, on June 4, 2025, Devard acquired 1,119 restricted stock units as part of Root’s Non-Employee Director Compensation Policy. This acquisition was recorded at no cost.

In other recent news, Root Inc . reported impressive financial results for the first quarter of 2025, significantly surpassing market expectations. The company achieved an earnings per share (EPS) of $1.07, far exceeding the forecasted $0.17, and reported revenue of $349.4 million, which also beat estimates. Root’s net income reached $18 million, marking a $25 million improvement from the previous year, while gross premiums written increased by 24% from the first quarter of 2024. Analyst firms have responded positively to these results; Keefe, Bruyette & Woods raised their price target for Root’s shares to $170, maintaining an Outperform rating, while Jefferies increased their target to $166 and reiterated a Buy rating. Both firms highlighted Root’s strong financial performance and strategic initiatives as reasons for their confidence. The company’s governance also saw developments, with stockholders electing Jerri DeVard and Nancy Kramer as Class II directors and ratifying Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025. Root’s continued focus on technology and partnerships, such as those with Hyundai (OTC:HYMTF) Capital America and Experian (OTC:EXPGF), is expected to support future growth.

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.