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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.
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