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Jersey City, NJ - Shavel Lee, Chief Executive Officer of Verisk Analytics, Inc. (NASDAQ:VRSK), a $40.5 billion data analytics company with impressive 68.7% gross profit margins, recently executed two stock sales totaling $634,689. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $306.10 and appears overvalued based on its Fair Value assessment. The transactions, which took place on March 17 and March 18, involved the sale of 2,200 shares of common stock at prices ranging from $287.83 to $289.16 per share. Following these sales, Lee retains ownership of 62,418 shares in the company.
Both transactions were conducted under a pre-established 10b5-1 trading plan, which Lee entered into on November 25, 2024. This legal framework allows insiders to set up a predetermined plan to sell company stock, helping to avoid potential accusations of insider trading.
In other recent news, Verisk Analytics reported its fourth-quarter 2024 earnings, revealing a slight revenue beat with $736 million against a forecast of $733.53 million, while earnings per share (EPS) came in at $1.61, slightly missing the expected $1.60. The company saw an 8.6% year-over-year revenue growth, driven by an 11% increase in subscription revenues. Despite the positive revenue results, Verisk’s stock experienced a decline, reflecting investor concerns over future growth prospects. RBC Capital Markets maintained an Outperform rating on Verisk, setting a price target of $300, highlighting the company’s accelerated subscription growth and strategic enhancements. BMO Capital Markets raised its price target for Verisk to $297, noting a slight beat on adjusted EPS for the fourth quarter and steady growth in the Underwriting and Claims segments. Morgan Stanley (NYSE:MS) also adjusted its outlook, increasing the price target to $305, maintaining an Equalweight rating, and acknowledging the notable subscription growth and organic revenue increase. These developments indicate a focus on subscription growth and strategic initiatives, despite some investor hesitancy regarding future guidance.
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