Universal Technical Institute EVP Sherrell Smith sells $269,464 in stock

Published 25/03/2025, 22:36
Universal Technical Institute EVP Sherrell Smith sells $269,464 in stock

Sherrell Smith, Executive Vice President and Chief Academic Officer of Universal Technical Institute (NYSE:UTI), sold a total of 10,000 shares of the company’s common stock on March 21, 2025. The shares were sold at prices ranging from $26.9453 to $27.51, amounting to a total transaction value of $269,464.

Following the sale, Smith retains ownership of 157,663 shares. The sales were conducted under a Rule 10b5-1 trading plan, which Smith adopted on December 16, 2024.

In other recent news, Universal Technical Institute has reported positive financial results for the first quarter of fiscal 2025, noting improvements in revenue, Adjusted EBITDA, and new student starts compared to the previous year. The company also increased its fiscal year guidance ranges, aligning with its North Star strategy aimed at achieving a 10% compound annual growth rate in revenue through fiscal 2029. In a strategic leadership move, Bruce Schuman has been appointed as the new Chief Financial Officer, bringing experience from his previous roles at Vacasa and Kiavi. Meanwhile, shareholders have re-elected four Class III directors and ratified Deloitte & Touche LLP as the independent auditor during the recent Annual Meeting.

Rosenblatt Securities has raised its price target for Universal Technical Institute shares to $36, maintaining a Buy rating, citing the company’s strong corporate partnerships and successful student outcomes. The firm’s analysts highlighted UTI’s effective strategies and high return on investment for students as key contributors to its performance. Additionally, Universal Technical Institute has expanded its Manufacturer Specific Advanced Training offerings by including Tesla (NASDAQ:TSLA)’s START Collision Repair program at its Long Beach campus, set to begin in Spring 2025. This collaboration marks UTI as the sole educational institution offering Tesla’s START program, enhancing its specialized training portfolio.

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