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Paul Elaine, a director at Sabre Corp (NASDAQ:SABR), recently sold a significant portion of the company’s common stock. According to a filing with the Securities and Exchange Commission, Elaine sold 24,325 shares on February 25, 2025. The sale comes as Sabre Corp, with a market capitalization of $1.6 billion, has shown remarkable momentum, gaining over 60% in the past year according to InvestingPro data. The shares were sold at a weighted average price of $4.243, generating a total transaction value of approximately $103,210.
Following the transaction, Elaine retains ownership of 29,729 shares in Sabre Corp. This sale was executed under a Rule 10b5-1 trading plan, which had been established to manage tax obligations related to the vesting of previously granted restricted stock units. The shares were sold in multiple transactions, with prices ranging from $4.14 to $4.34.
In other recent news, Sabre Corporation has integrated LATAM Airlines (NYSE:LTM) Group’s New Distribution Capability (NDC) content into its global travel marketplace. This integration allows travel agencies to access LATAM’s comprehensive offerings in real time, enhancing Sabre’s service portfolio. Mizuho (NYSE:MFG) Securities increased its price target for Sabre to $4.00, maintaining a Neutral rating, following Sabre’s fourth-quarter performance that met expectations and projected robust growth for fiscal year 2025. Sabre’s management expects double-digit growth in air bookings and Central Reservation System transactions, with a maintained EBITDA guidance of over $700 million for FY25. Cantor Fitzgerald also maintained a Neutral rating with a $4.00 target, noting steady growth in Sabre’s Travel and Hospitality Solutions segments. Despite some revenue shortfalls, Sabre’s optimistic profit forecast for 2025 has been well-received, with expectations of high single-digit year-over-year revenue growth and significant improvements in adjusted EBITDA and free cash flow. The company’s efforts to innovate and expand its market share in the travel technology sector are being closely monitored by investors. Sabre’s ongoing technology transformation is anticipated to yield cost savings and further market expansion.
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