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PHOENIX—Sherrell Smith, EVP and Chief Academic Officer at Universal Technical Institute Inc . (NYSE:UTI), recently sold a portion of the company’s common stock. According to a regulatory filing, Smith sold 97 shares on April 15, 2025, under a pre-established trading plan. The transaction comes as UTI, currently valued at $1.49 billion, has demonstrated remarkable performance with a 91.59% return over the past year. The shares were sold at a weighted average price of $28.0521, yielding a total transaction value of $2,721.
The sales were executed as part of a Rule 10b5-1 trading plan, which Smith adopted on December 16, 2024. Following this transaction, Smith holds 134,131 shares of Universal Technical Institute. The sale involved multiple transactions, with prices ranging from $28.00 to $28.14 per share.
In other recent news, Universal Technical Institute (UTI) reported improved financial results for the first quarter of fiscal 2025, leading to an upward revision of its fiscal year guidance. B.Riley analysts responded by raising their full-year 2025 revenue and EBITDA estimates, aligning with UTI’s updated guidance, and set a price target of $31 with a Buy rating. Rosenblatt Securities also increased its price target for UTI to $36, maintaining a Buy rating due to the company’s strong corporate partnerships and successful student outcomes. Additionally, UTI appointed Bruce Schuman as its new Chief Financial Officer, bringing experience from previous financial leadership roles to support the company’s growth strategies. Todd Hitchcock was named Chief Operating Officer, tasked with overseeing operations and aligning them with corporate objectives. Shareholders re-elected four Class III directors and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending September 30, 2025. The company’s recent executive appointments and strategic initiatives are part of its North Star strategy, which aims for a 10% compound annual growth rate in revenue and an expanded EBITDA margin by fiscal 2029. These developments underscore UTI’s ongoing efforts to enhance its educational offerings and operational efficiency.
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