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Item Second Irr. Trust FBO Anne Marie Westphal, a ten percent owner of Vertex (NASDAQ:VRTX), Inc. (NASDAQ:VERX), reported selling 23,767 shares of Class A Common Stock for approximately $836,410, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as Vertex, currently valued at $5.6 billion, has seen its shares decline by about 34% over the past six months. According to InvestingPro analysis, the stock appears overvalued at current levels.
The sales occurred in three separate transactions. On June 20, 2025, 8,832 shares were sold; the price reported is a weighted average price, in multiple transactions at prices ranging from $35.00 to $35.625. On June 23, 2025, 510 shares were sold at a price of $35.00. Finally, on June 24, 2025, 14,425 shares were sold; the price reported is a weighted average price, in multiple transactions at prices ranging from $35.00 to $35.445. While the company maintains a FAIR financial health score, InvestingPro data shows it’s expected to turn profitable this year, with analysts forecasting positive earnings.
Following these transactions, Item Second Irr. Trust FBO Anne Marie Westphal directly owns 173,073.706 shares of Vertex, Inc. The company’s next earnings report is scheduled for August 6, 2025, which could be a significant catalyst for the stock price. Discover more key insights and 10 additional ProTips with a subscription to InvestingPro.
In other recent news, Vertex Inc . reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.15, compared to the forecasted $0.13. The company’s revenue for the quarter reached $177.1 million, slightly above the anticipated $176.87 million, marking a 12.9% increase year-over-year. This growth was driven by strong subscription and cloud revenue, with cloud revenue surging 29.6% and subscription revenue climbing 14.4%. In addition, Vertex’s Annual Recurring Revenue (ARR) grew 17.9% to $618.5 million. DA Davidson reiterated its Buy rating and $50.00 price target for Vertex, citing the company’s consistent organic ARR growth at 15% and a robust 26% organic growth in its Cloud segment. Analysts from DA Davidson expressed confidence in Vertex’s market position and performance metrics, viewing the company as a top-tier software asset. Vertex projects Q2 2025 revenue between $182 million and $187 million, anticipating a 14.5% year-over-year growth, and expects its Net Revenue Retention (NRR) to rebound above 110% by year-end.
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