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PHOENIX—Sherrell Smith, Executive Vice President and Chief Academic Officer at Universal Technical Institute Inc . (NYSE:UTI), recently sold shares of the company’s common stock. The company, currently valued at $1.45 billion, has seen its stock surge 75% over the past year, according to InvestingPro data. According to a filing with the Securities and Exchange Commission, Smith sold 208 shares on April 9, 2025, as part of a pre-arranged trading plan. The shares were sold at a weighted average price of $28.054, with prices ranging from $28.00 to $28.28, totaling approximately $5,835. The transaction occurred near the stock’s 52-week high of $30.56, with InvestingPro analysis showing the company maintains a GREAT financial health score.
Following the transaction, Smith holds 134,228 shares of Universal Technical Institute. This sale was executed under a Rule 10b5-1 trading plan, which Smith adopted on December 16, 2024. These plans allow insiders to set up a predetermined schedule for selling shares to avoid potential conflicts of interest. Get deeper insights into insider trading patterns and access comprehensive financial analysis through InvestingPro’s detailed research reports.
In other recent news, Universal Technical Institute reported improved financial results for the first quarter of fiscal 2025, with increases in revenue, Adjusted EBITDA, and new student starts. This positive performance led to an upward revision of its fiscal year guidance. In line with these developments, B.Riley analysts have initiated coverage on Universal Technical Institute with a Buy rating and set a price target of $31, reflecting confidence in the company’s fiscal year 2025 projections. Rosenblatt Securities also raised its price target for the company to $36, maintaining a Buy rating due to UTI’s impressive corporate partnerships and student outcomes. The company has also undergone significant leadership changes, appointing Todd Hitchcock as Chief Operating Officer and Bruce Schuman as Chief Financial Officer. Additionally, Adrienne DeTray has been named Chief Information Officer to drive digital advancements. In corporate governance news, shareholders re-elected four Class III directors and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending September 30, 2025. These recent developments underscore Universal Technical Institute’s strategic growth plans and operational execution as it continues to advance its North Star Strategy.
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