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Douglas Friedman, the General Counsel and Secretary of Tradeweb Markets Inc . (NASDAQ:TW), recently sold a portion of his holdings in the company. According to a regulatory filing, Friedman sold 3,061 shares of Tradeweb’s Class A common stock on March 19, 2025. The company, which has demonstrated strong financial performance with a 28.85% revenue growth over the last twelve months, currently trades near its 52-week high of $143.82. InvestingPro analysis indicates the stock is trading above its Fair Value. The shares were sold at a weighted average price of $141.5922, resulting in a total transaction value of approximately $433,413.
The sale was executed under a Rule 10b5-1 trading plan, which Friedman adopted on May 9, 2024. Following this transaction, Friedman retains ownership of 26,810 shares, which include several unvested restricted stock units scheduled to vest over the next few years, contingent on his continued employment.
In other recent news, Tradeweb Markets reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $0.76 compared to the consensus estimate of $0.75. However, the company’s revenue of $463.3 million fell slightly short of the anticipated $464.82 million. Despite this, Tradeweb experienced significant growth across its business segments, notably with a 25.3% increase in rates revenue and a 166.5% surge in money markets revenue. The company also announced a 20% increase in its quarterly dividend to $0.12 per share. Analysts at Keefe, Bruyette & Woods adjusted their price target for Tradeweb to $145, citing strong earnings but lower-than-expected revenue growth at the beginning of the year. Meanwhile, Raymond (NSE:RYMD) James raised its price target to $144, noting robust trading volumes and market share gains. Additionally, Tradeweb expanded its Board of Directors by appointing industry expert Rich Repetto, who brings extensive experience in financial market analysis. These developments reflect a dynamic period for Tradeweb Markets, with a focus on growth and strategic positioning in the market.
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