SoFi CEO enters prepaid forward contract on 1.5 million shares
Warner Bros. Discovery, Inc. (NASDAQ:WBD) Director Samuel A. Di Piazza Jr. recently made a significant purchase of the company’s Series A Common Stock. According to a filing with the Securities and Exchange Commission, Di Piazza acquired 17,346 shares at a price of $11.41 per share on March 3, 2025. This transaction amounted to a total value of $197,917. The purchase comes as WBD stock has surged over 50% in the past six months, with analyst price targets ranging from $9 to $22 per share.
Following this purchase, Di Piazza’s direct ownership in Warner Bros. Discovery now stands at 159,932 shares. Additionally, he holds an indirect interest, attributed to his spouse, amounting to 3,443 shares. This move by a board member may reflect confidence in the company’s future prospects, particularly as InvestingPro analysis suggests the stock is currently undervalued. While the motivations behind stock transactions can vary, InvestingPro subscribers gain access to comprehensive insider trading analysis and real-time alerts for over 1,400 stocks, including WBD’s detailed Pro Research Report.
In other recent news, Warner Brothers Discovery reported its fourth-quarter 2024 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of -$0.20, missing the anticipated -$0.001, and revenue came in at $10.02 billion, slightly below the forecasted $10.24 billion. Despite the earnings miss, the company added 6.5 million direct-to-consumer subscribers, ending the year with 117 million subscribers. KeyBanc Capital Markets maintained an Overweight rating on Warner Brothers Discovery with a $14.00 price target, citing a mix of results and potential benefits from losing NBA broadcasting rights. Meanwhile, Bernstein raised its price target for the company from $9.00 to $11.00, maintaining a Market Perform rating, and highlighted a more optimistic outlook for 2025. Raymond (NSE:RYMD) James also adjusted its outlook, raising the price target to $14.00, acknowledging the company’s robust asset portfolio. Analysts from these firms noted the company’s strategic shift towards direct-to-consumer services and improvements in its Studios segment. These developments reflect the company’s ongoing efforts to navigate industry challenges and capitalize on its extensive intellectual properties.
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