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KING OF PRUSSIA, PA—Rowland Bryan T.R., General Counsel at Vertex (NASDAQ:VRTX), Inc. (NASDAQ:VERX), a $5.6 billion market cap tax software company with annual revenues of $667 million, executed significant stock transactions as reported in a recent SEC filing. The company’s stock has shown mixed performance, gaining 7.7% in the past week despite being down 32% year-to-date. On March 19, Bryan sold a total of 43,228 shares of Vertex Class A Common Stock, generating approximately $1,555,515. The shares were sold at prices ranging from $35.677 to $36.2243.
In addition to the sales, Bryan exercised stock options to acquire 32,105 shares at prices between $3.734 and $32.16, totaling $148,505. Following these transactions, Bryan now holds 132 shares directly.
These sales were conducted under a pre-established Rule 10b5-1 trading plan, adopted in late 2024, allowing for systematic sales of stock.
In other recent news, Vertex Inc . has been the focus of several analyst reports following its first investor day. DA Davidson maintained a Buy rating with a $55 price target, citing Vertex’s strategic investments in e-invoicing and artificial intelligence as key growth drivers. Needham also reaffirmed a Buy rating and set a $60 price target, highlighting the company’s innovative product offerings and potential for increased subscription revenue and free cash flow by 2028. Meanwhile, BMO Capital Markets kept a Market Perform rating and a $41 price target, noting the ambitious nature of Vertex’s long-term goals but adopting a cautious short-term outlook.
Citizens JMP expressed confidence in Vertex’s future by maintaining a Market Outperform rating and a $61 price target, supported by a positive 2028 outlook and projected revenue growth. Stifel, on the other hand, held a Hold rating with a $31 target, pointing to the company’s current investment cycle and premium valuation as reasons for a more tempered short-term view. Vertex’s management has set ambitious financial objectives for 2028, including a growth rate of approximately 20% or higher for subscription and total revenue. Analysts have noted that the company’s recent investments are expected to drive top-line growth and contribute to margin expansion in the coming years.
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