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Gayton Bradley M, a director at Vertex (NASDAQ:VRTX), Inc. (NASDAQ:VERX), recently acquired shares in the company, according to a recent SEC filing. On March 4, 2025, Bradley purchased a total of 9,400 shares of Vertex’s Class A Common Stock. The transactions, executed at prices ranging from $31.815 to $31.8493 per share, amounted to a total investment of approximately $299,381. The purchase comes as the stock has declined 24% over the past week, with InvestingPro data indicating oversold conditions.
Following these purchases, Bradley’s direct ownership in Vertex increased to 47,535 shares. Vertex, Inc., based in King of Prussia, Pennsylvania, is a company in the prepackaged software services industry with a market capitalization of $5.09 billion and impressive revenue growth of 16.5% in the last twelve months. According to InvestingPro’s Fair Value analysis, the stock currently appears overvalued. Subscribers can access 11 additional ProTips and a comprehensive Pro Research Report for deeper insights into Vertex’s financial health and growth prospects.
In other recent news, Vertex Inc . reported its fourth-quarter 2024 earnings, which exceeded analyst projections with revenue reaching $178.5 million, marking a 15.2% year-over-year increase. The company’s earnings per share (EPS) also surpassed expectations at $0.15, slightly above the forecasted $0.14. Despite these positive results, analysts from DA Davidson and BMO Capital Markets adjusted their price targets for Vertex, with DA Davidson lowering the target to $55 while maintaining a Buy rating, and BMO reducing it to $41 with a Market Perform rating. Analysts noted that the company’s recent quarterly performance did not meet expectations, and the new growth guide for fiscal year 2025 suggests a more challenging short-term outlook. Vertex’s strategic focus on cloud solutions and AI innovations has been highlighted as a key growth driver, with cloud revenue surpassing on-premise revenue for the first time. The company has set a 2025 revenue guidance of $760 million to $768 million, representing a growth rate of 14.6%. Vertex is also investing heavily in AI and e-invoicing technologies to expand its market presence. Upcoming events, such as the March analyst day, are expected to provide further insights into Vertex’s growth trajectory.
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