TransUnion EVP Achanta Venkat sells $174,342 in stock

Published 28/02/2025, 01:56
TransUnion EVP Achanta Venkat sells $174,342 in stock

CHICAGO—Achanta Venkat, Executive Vice President, Chief Technology, Data & Analytics Officer at TransUnion (NYSE:TRU), recently sold shares in the company. According to a recent SEC filing, Venkat sold 1,821 shares of TransUnion’s common stock on February 26, 2025. The shares were sold at a price of $95.74 each, amounting to a total transaction value of approximately $174,342.

Following the sale, Venkat holds 105,443 shares in the company. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows executives to sell a predetermined number of shares at a predetermined time, providing transparency and minimizing potential insider trading concerns. InvestingPro subscribers can access 13 additional key insights about TransUnion, including detailed financial health scores and comprehensive Pro Research Reports, which are available for over 1,400 US stocks.

In other recent news, TransUnion reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.97, slightly above the forecast of $0.96. The company’s revenue also surpassed projections, reaching $1.04 billion compared to the anticipated $1.03 billion. This marks the fifth consecutive quarter that TransUnion has exceeded its revenue and adjusted EBITDA guidance, with a 9% revenue increase on an organic constant currency basis. In addition, TransUnion achieved $100 million in cost synergies from its NuStar acquisition, exceeding initial targets. The company has also launched a new freemium credit management platform in collaboration with Credit Sesame, expanding its consumer offerings. Furthermore, TransUnion announced the appointment of Tiffani Chambers as the new Chief Operations Officer, bringing her extensive experience from roles at Bank of America and other financial institutions. These developments reflect TransUnion’s ongoing strategic initiatives and its commitment to enhancing service innovation.

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