Kathy Card Beckles, Chief Legal Officer at Verisk Analytics, Inc. (NASDAQ:VRSK), a $39.5 billion data analytics company with impressive gross profit margins of 68%, recently sold a significant portion of her shares in the company. According to InvestingPro analysis, the stock is currently trading above its Fair Value. According to a filing with the Securities and Exchange Commission, Beckles sold 2,111 shares of Verisk Analytics common stock on January 17, 2025, at a price of $282.06 per share. The total value of the transaction amounted to $595,428. This sale was made under a pre-arranged 10b5-1 trading plan that Beckles established on March 14, 2024. Following the transaction, she retains ownership of 9,066 shares in the company. InvestingPro subscribers can access 13 additional key insights about VRSK, including its comprehensive Pro Research Report, which provides deep-dive analysis of the company’s financial health and growth prospects.
In other recent news, Verisk Analytics reported a 7% increase in consolidated revenue to $725 million in the third quarter of 2024, largely driven by a 9.1% rise in subscription revenues. BMO Capital Markets increased the price target for Verisk to $276 while maintaining a Market Perform rating, reflecting confidence in the company’s financial resilience. Concurrently, Barclays (LON:BARC) analysts adjusted their stance, moving the rating from Overweight to Equalweight, but holding the price target steady at $310. RBC Capital Markets maintained its Outperform rating, citing projections of a 6-8% revenue increase and a double-digit rise in earnings per share. These recent developments suggest a positive outlook for Verisk Analytics, with analysts expecting strong subscription growth in 2025.
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