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Tag: insider trading

  • Douglas Herrington Sells 6,835 Shares of Amazon.com (NASDAQ:AMZN) Stock

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    Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 6,835 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.82, for a total value of $1,406,779.70. Following the completion of the transaction, the chief executive officer owned 522,361 shares of the company’s stock, valued at $107,512,341.02. The trade was a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

    Amazon.com Stock Performance

    AMZN opened at $210.64 on Thursday. The business’s 50-day simple moving average is $227.38 and its 200 day simple moving average is $227.93. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The firm has a market capitalization of $2.26 trillion, a PE ratio of 29.38, a PEG ratio of 1.34 and a beta of 1.37.

    Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

    Key Amazon.com News

    Here are the key news stories impacting Amazon.com this week:

    • Positive Sentiment: Analysts say AWS capacity expansion could drive upside: Bank of America and other analysts argue AWS is aggressively adding capacity (estimated ~15 GW by 2027), which could boost revenue and justify AWS growth expectations. Amazon’s AWS expansion could drive potential revenue upside
    • Positive Sentiment: BofA and other firms reiterate bullish ratings: BofA kept a Buy and $275 target citing AWS capacity advantages; Wells Fargo reiterated Overweight — analyst support tempers downside from the recent pullback. Is Amazon underestimated? Analyst note
    • Positive Sentiment: Concrete capacity buildouts: Amazon pledged a $12B Louisiana data‑center investment to support AI/cloud demand — tangible capacity increases that underpin AWS revenue growth and justify part of the broader capex narrative. Amazon pledges $12B for Louisiana data centers
    • Neutral Sentiment: Leadership/AGI research change: The head of Amazon’s AGI lab is leaving — watch for follow-up on leadership and research continuity; impact on near-term revenue is unclear. Head of Amazon’s AGI lab is leaving
    • Neutral Sentiment: Short-term market tailwinds: cooperation news in the AI ecosystem (e.g., Anthropic excursions) has helped software/cloud names rally, giving AMZN some momentum independent of fundamentals. Anthropic extends enterprise olive branch
    • Negative Sentiment: Investor anxiety over massive AI capex: Ongoing debate about Amazon’s ~ $200B AI/data‑center capex plan is pressuring the stock — questions on timing of returns and FCF impact continue to weigh on valuation. 200B AI spending debate
    • Negative Sentiment: Insider sales: multiple senior execs (including filings from CEO Andy Jassy and others) disclosed sizable stock sales last week — a near‑term negative sentiment signal that can amplify downward pressure. Jassy Form 4 filing
    • Negative Sentiment: Regulatory/legal risks rising: California seeks an injunction over alleged merchant‑bullying on pricing, Italy banned an Amazon unit from processing staff data, and Spain flagged delays in compliance — potential fines, restrictions or compliance costs add uncertainty. California seeks injunction Italy privacy ban Spain antitrust note
    • Negative Sentiment: Rising short interest and market positioning: reported increases in short positions and sector rotation into Energy/Utilities amplify volatility risk for AMZN if sentiment sours further.

    Institutional Investors Weigh In On Amazon.com

    Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Amazon.com during the 4th quarter worth $32,868,735,000. J. Stern & Co. LLP grew its holdings in shares of Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares during the last quarter. Nuveen LLC bought a new stake in shares of Amazon.com during the first quarter worth about $11,674,091,000. Cardano Risk Management B.V. increased its stake in shares of Amazon.com by 879.4% in the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after buying an additional 25,017,588 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

    Wall Street Analysts Forecast Growth

    Several research analysts have recently weighed in on AMZN shares. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a research report on Friday, February 6th. Citizens Jmp raised their price objective on Amazon.com from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $287.29.

    Get Our Latest Analysis on Amazon.com

    About Amazon.com

    (Get Free Report)

    Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

    Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

    See Also

    Insider Buying and Selling by Quarter for Amazon.com (NASDAQ:AMZN)



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  • Kalshi Touts Success in Closing MrBeast, Political Insider Trading Cases

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    Posted on: February 25, 2026, 04:37h. 

    Last updated on: February 25, 2026, 04:37h.

    • Prediction market operator is clamping down on insider trading
    • One case involved an editor working for social media star MrBeast
    • Another involved the California gubernatorial race

    Kalshi wants market participants and regulators to know it takes allegations of insider trading seriously with the prediction today highlighting success in closing two such cases.

    Kalshi word mark on a black background on a phone
    A Kalshi social media ad. The company successfully closed a pair of insider trading cases. (Image: Getty)

    One of the cases involved an editor working for YouTube personality MrBeast, who’s well-known in gaming circles. The other pertained alleged insider trading involving the California race for governor. The MrBeast staffer is said to have traded approximately $4,000 in YouTube markets on Kalshi.

    In both of these cases, our systems flagged the trades and our surveillance team froze the traders’ accounts. Neither trader withdrew any profits,” according to the prediction market operator. “These penalties are not indicative of future penalties – everything depends on the case, including amount traded and rules violated.”

    Kalshi levied a two-year suspension and a financial penalty equivalent to five times the trade size against the MrBeast employee.

    Not California Dreamin’ on Kalshi

    In the other case, Kalshi suspended Republican Kyle Langford who previously wagered on himself in the California governor’s race and posted about it on social media. He’s since dropped out of that contest and is running for congress in the state’s 26th district.

    “Punishment: 5-year ban + financial penalty (10 times the initial trade size). Note: this candidate recently announced he is no longer running for Governor and is now instead running for Congress,” adds Kalshi.

    Separately, Stephen Cloobeck, a significant donor to Democrat candidates and himself a former candidate for California’s top office, was barred from trading Kalshi event contracts on California’s gubernatorial after he touted making bets on friend Rep. Eric Swalwell (D).

    One of Cloobeck’s wagers was $1,000 on Swalwell to become the next governor of the Golden State. Another was $2,000 on the congressman to beat San Jose Mayor Matt Mahan (D) in the upcoming primary. Cloobeck has only been barred from trading the California gubernatorial market on Kalshi.

    The moves by Kalshi arrive as the prediction markets industry is under increasing scrutiny to better regulate insider trading. Currently, the industry isn’t beholden to the same protocols as traditional markets though some politicians are aiming to change that.

    CFTC Chimes In

    The Commodity Futures Trading Commission’s (CFTC) Division of Enforcement issued an advisory, noting that while Kalshi handled the MrBeast and Langford cases internally, the Commodity Exchange Act (CEA) grants the division authority to get involved if it sees fit.

    “In appropriate cases, the Division will investigate and prosecute violations, as it always has with respect to conduct occurring on designated contract markets (DCMs),” notes the division. “The Division continues to coordinate with DCMs regarding their enforcement dockets and referral of appropriate potential violations to the Division for investigation.”

    The CFTC is the federal regulator of prediction markets.

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    Todd Shriber

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  • Natalie Glance Sells 3,545 Shares of Duolingo (NASDAQ:DUOL) Stock

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    Duolingo, Inc. (NASDAQ:DUOLGet Free Report) insider Natalie Glance sold 3,545 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $113.51, for a total value of $402,392.95. Following the completion of the transaction, the insider owned 115,380 shares of the company’s stock, valued at $13,096,783.80. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

    Natalie Glance also recently made the following trade(s):

    • On Tuesday, February 17th, Natalie Glance sold 1,741 shares of Duolingo stock. The stock was sold at an average price of $110.06, for a total transaction of $191,614.46.

    Duolingo Trading Up 1.6%

    Shares of DUOL stock opened at $112.94 on Friday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.22 billion, a P/E ratio of 14.31, a PEG ratio of 0.60 and a beta of 0.86. The company has a 50 day moving average of $152.08 and a 200-day moving average of $232.39. Duolingo, Inc. has a 12-month low of $107.16 and a 12-month high of $544.93.

    Duolingo News Summary

    Here are the key news stories impacting Duolingo this week:

    Institutional Investors Weigh In On Duolingo

    Institutional investors and hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in Duolingo by 71.9% during the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after acquiring an additional 2,033,611 shares during the period. Dragoneer Investment Group LLC grew its position in shares of Duolingo by 324.4% during the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock valued at $508,760,000 after purchasing an additional 1,208,346 shares in the last quarter. State of Michigan Retirement System grew its position in shares of Duolingo by 5,800.0% during the 4th quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock valued at $98,368,000 after purchasing an additional 551,000 shares in the last quarter. FIL Ltd increased its holdings in shares of Duolingo by 1,715,575.9% in the fourth quarter. FIL Ltd now owns 497,546 shares of the company’s stock worth $87,319,000 after purchasing an additional 497,517 shares during the period. Finally, Norges Bank purchased a new stake in shares of Duolingo in the fourth quarter worth $86,159,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

    Wall Street Analysts Forecast Growth

    Several research analysts have recently weighed in on the company. Scotiabank cut their price target on Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company dropped their price objective on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Duolingo from $300.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. UBS Group set a $245.00 target price on shares of Duolingo in a research note on Monday, January 5th. Finally, Truist Financial set a $245.00 price target on shares of Duolingo in a research report on Thursday, January 15th. Eleven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $292.37.

    View Our Latest Research Report on DUOL

    Duolingo Company Profile

    (Get Free Report)

    Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

    In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.

    Recommended Stories

    Insider Buying and Selling by Quarter for Duolingo (NASDAQ:DUOL)



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  • Abdellah Merad Sells 60,000 Shares of SLB (NYSE:SLB) Stock

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    SLB Limited (NYSE:SLBGet Free Report) EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $2,982,000.00. Following the completion of the sale, the executive vice president directly owned 140,602 shares in the company, valued at approximately $6,987,919.40. This represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

    Abdellah Merad also recently made the following trade(s):

    • On Tuesday, November 11th, Abdellah Merad sold 60,000 shares of SLB stock. The stock was sold at an average price of $37.69, for a total value of $2,261,400.00.

    SLB Stock Performance

    Shares of SLB stock opened at $48.87 on Thursday. SLB Limited has a 1 year low of $31.11 and a 1 year high of $51.67. The firm’s 50-day moving average is $40.97 and its 200 day moving average is $36.98. The stock has a market cap of $73.07 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98.

    SLB (NYSE:SLBGet Free Report) last issued its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. Sell-side analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

    SLB Increases Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, February 11th. This is an increase from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is presently 48.10%.

    SLB News Summary

    Here are the key news stories impacting SLB this week:

    • Positive Sentiment: Multiple brokerages raised targets/ratings this week, supporting upside expectations (examples include Susquehanna’s boost to $58 and other bank notes showing constructive views). Susquehanna Boosts SLB Price Target
    • Positive Sentiment: SLB won multi‑year supply contracts in Oman (wellheads and artificial lift) and additional Middle East work, reinforcing near‑term revenue visibility in the region. Business Wire: Oman Contracts
    • Neutral Sentiment: Commentary pieces are re-evaluating SLB’s valuation and role in evolving energy markets — useful context for positioning but not an immediate catalyst. Yahoo: Is SLB Pricing Reflect Its Role?
    • Neutral Sentiment: MarketWatch notes SLB has underperformed some peers recently despite intraday gains, which frames relative performance risk vs. other oilfield services names. MarketWatch: Underperformance vs Competitors
    • Negative Sentiment: Significant coordinated insider selling occurred on Jan. 26 — including the CFO, EVP, CAO and multiple directors — amounting to multimillion‑dollar disposals; markets often interpret clustered insider sales as a near‑term negative signal. TipRanks: Coordinated Insider Selling
    • Negative Sentiment: Individual SEC‑filed insider sales include EVP Abdellah Merad (~$2.98M), CAO Howard Guild (~$659K) and CFO Stéphane Biguet (>$3M) — these specific filings have been widely reported and are weighing on sentiment. Benzinga: Howard Guild Sale Benzinga: Abdellah Merad Sale
    • Negative Sentiment: A Freedom Capital downgrade moved SLB to a “strong sell” designation, creating a direct negative research catalyst amid otherwise bullish analyst activity. Zacks / Freedom Capital Downgrade
    • Negative Sentiment: SLB’s JV with Aker Carbon Capture reported a loss on a carbon‑capture project — this may temper near‑term enthusiasm for SLB’s energy‑transition growth narrative. Upstream: Loss on Carbon Capture Project

    Wall Street Analyst Weigh In

    Several research firms have recently weighed in on SLB. Citigroup boosted their price target on SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI set a $54.00 price objective on SLB and gave the stock an “outperform” rating in a report on Tuesday, January 6th. BMO Capital Markets upped their target price on shares of SLB from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday. Loop Capital set a $48.00 price target on shares of SLB in a report on Tuesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $50.00 price objective on shares of SLB in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.92.

    View Our Latest Analysis on SLB

    Hedge Funds Weigh In On SLB

    Several institutional investors have recently made changes to their positions in SLB. Brighton Jones LLC grew its position in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after buying an additional 1,166 shares during the period. Bison Wealth LLC purchased a new stake in shares of SLB in the 4th quarter worth $238,000. Patton Fund Management Inc. bought a new position in SLB in the 2nd quarter worth $216,000. Avior Wealth Management LLC lifted its position in SLB by 70.4% during the second quarter. Avior Wealth Management LLC now owns 8,905 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 3,678 shares in the last quarter. Finally, Washington Capital Management Inc. grew its holdings in SLB by 22.4% during the second quarter. Washington Capital Management Inc. now owns 37,185 shares of the oil and gas company’s stock valued at $1,257,000 after purchasing an additional 6,800 shares during the period. Institutional investors own 81.99% of the company’s stock.

    About SLB

    (Get Free Report)

    SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

    SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.

    Recommended Stories

    Insider Buying and Selling by Quarter for SLB (NYSE:SLB)



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  • Insider Selling: Capital One Financial (NYSE:COF) Insider Sells $504,338.40 in Stock

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    Capital One Financial Corporation (NYSE:COF) insider Celia Karam sold 2,064 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $244.35, for a total transaction of $504,338.40. Following the completion of the sale, the insider directly owned 61,373 shares of the company’s stock, valued at approximately $14,996,492.55. The trade was a 3.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

    Celia Karam also recently made the following trade(s):

    • On Monday, December 1st, Celia Karam sold 2,936 shares of Capital One Financial stock. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40.

    Capital One Financial Stock Up 1.0%

    COF stock opened at $255.77 on Friday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $229.89 and a 200-day simple moving average of $221.72. The stock has a market capitalization of $162.60 billion, a P/E ratio of 107.92, a P/E/G ratio of 0.57 and a beta of 1.13.

    Capital One Financial (NYSE:COFGet Free Report) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion for the quarter. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

    Capital One Financial Increases Dividend

    The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.3%. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

    Wall Street Analyst Weigh In

    A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Capital One Financial from $240.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, December 17th. TD Cowen boosted their price target on shares of Capital One Financial from $261.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird increased their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wells Fargo & Company raised their target price on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, UBS Group dropped their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $276.25.

    Check Out Our Latest Stock Report on Capital One Financial

    Capital One Financial News Summary

    Here are the key news stories impacting Capital One Financial this week:

    • Positive Sentiment: TD Cowen raised its price target on COF to $290 and kept a Buy rating, increasing upside expectations and providing a near-term valuation catalyst. Read More.
    • Positive Sentiment: Robert W. Baird published a positive report on Capital One, reinforcing analyst confidence in the franchise and supporting momentum into the stock. Read More.
    • Positive Sentiment: High-profile media endorsement: Jim Cramer said “it’s not too late to buy” Capital One, which can attract retail interest and short-term buying. Read More.
    • Positive Sentiment: Coverage notes multiple analyst upgrades and “litigation clarity” driving upward revisions from firms (Citi, KBW, Keefe Bruyette & Woods and others), a broader fundamental/consensus upgrade likely supporting the stock. Read More.
    • Neutral Sentiment: Options activity has surged around COF, which signals elevated speculative interest and possible hedging flows — this can amplify intraday moves but is ambiguous for fundamentals. Read More.
    • Neutral Sentiment: Consumer-facing coverage (card product comparisons) highlights Capital One’s product positioning; useful for long-term brand/market-share context but unlikely to move the stock on its own. Read More.
    • Negative Sentiment: Large insider sale: Ravi Raghu sold 13,450 shares at roughly $250 (~30.7% reduction in his holding) — the size of this sale is the most notable and can raise questions about near-term insider conviction. Read More.
    • Negative Sentiment: General Counsel Matthew W. Cooper sold 2,000 shares at $250, trimming his stake; insider disposals by senior officers can weigh on sentiment even if routine. Read More.
    • Negative Sentiment: Other insider sales (Lia Dean, Celia Karam) were disclosed recently — smaller individually but collectively may temper investor enthusiasm. Read More.

    Hedge Funds Weigh In On Capital One Financial

    Several institutional investors and hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC raised its position in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. increased its stake in Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. State Street Corp raised its position in Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the period. Norges Bank purchased a new stake in Capital One Financial in the second quarter valued at $1,701,511,000. Finally, Geode Capital Management LLC lifted its stake in shares of Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

    Capital One Financial Company Profile

    (Get Free Report)

    Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

    Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

    Read More

    Insider Buying and Selling by Quarter for Capital One Financial (NYSE:COF)



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  • Rowan Chapman Sells 4,366 Shares of Natera (NASDAQ:NTRA) Stock

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    Natera, Inc. (NASDAQ:NTRAGet Free Report) Director Rowan Chapman sold 4,366 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $243.10, for a total value of $1,061,374.60. Following the transaction, the director directly owned 5,777 shares in the company, valued at approximately $1,404,388.70. This trade represents a 43.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

    Natera Stock Performance

    Shares of Natera stock opened at $233.13 on Thursday. The stock has a market capitalization of $32.25 billion, a PE ratio of -101.80 and a beta of 1.63. Natera, Inc. has a 52 week low of $125.38 and a 52 week high of $246.90. The stock has a 50 day moving average price of $204.00 and a two-hundred day moving average price of $175.57.

    Natera (NASDAQ:NTRAGet Free Report) last issued its earnings results on Friday, November 7th. The medical research company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.25). Natera had a negative return on equity of 25.07% and a negative net margin of 14.61%.The firm had revenue of $592.18 million during the quarter, compared to the consensus estimate of $514.55 million. During the same quarter in the prior year, the business earned ($0.26) earnings per share. Natera’s revenue for the quarter was up 34.7% on a year-over-year basis. Research analysts forecast that Natera, Inc. will post -1.49 EPS for the current year.

    Hedge Funds Weigh In On Natera

    A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in Natera by 42.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,206 shares of the medical research company’s stock worth $595,000 after purchasing an additional 1,255 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Natera during the 1st quarter worth $243,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Natera by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 905,676 shares of the medical research company’s stock worth $128,072,000 after buying an additional 38,180 shares during the last quarter. Deutsche Bank AG grew its position in Natera by 185.8% during the first quarter. Deutsche Bank AG now owns 246,482 shares of the medical research company’s stock valued at $34,855,000 after buying an additional 160,243 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Natera by 224.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 141,641 shares of the medical research company’s stock valued at $20,029,000 after buying an additional 98,015 shares during the period. Hedge funds and other institutional investors own 99.90% of the company’s stock.

    Analyst Upgrades and Downgrades

    NTRA has been the subject of a number of analyst reports. Royal Bank Of Canada set a $268.00 price objective on shares of Natera and gave the company an “outperform” rating in a report on Tuesday, September 2nd. BNP Paribas Exane upgraded Natera from an “underperform” rating to a “neutral” rating and set a $172.00 price target for the company in a research note on Monday, October 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Natera in a report on Wednesday, October 8th. BNP Paribas upgraded Natera to a “hold” rating and set a $172.00 target price on the stock in a report on Monday, October 27th. Finally, Barclays lifted their target price on Natera from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Natera currently has a consensus rating of “Moderate Buy” and an average target price of $225.29.

    Check Out Our Latest Stock Analysis on NTRA

    About Natera

    (Get Free Report)

    Natera, Inc, a diagnostics company, develops and commercializes molecular testing services worldwide. Its products include Panorama, a non-invasive prenatal test that screens for chromosomal abnormalities of a fetus, as well as in twin pregnancies; Horizon carrier screening test for individuals and couples determine if they are carriers of genetic variations that cause certain genetic conditions; Vistara single-gene NIPT screens for 25 single-gene disorders that cause severe skeletal, cardiac, and neurological conditions; Spectrum, preimplantation genetic tests for couples undergoing IVF; Anora that analyzes miscarriage tissue from women; Empower, a hereditary cancer screening test; and non-invasive prenatal paternity product, which allows a couple to establish paternity without waiting for the child to be born.

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    Insider Buying and Selling by Quarter for Natera (NASDAQ:NTRA)



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  • Stephen Inglis Acquires 50,000 Shares of Regional REIT (LON:RGL) Stock

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    Regional REIT Limited (LON:RGLGet Free Report) insider Stephen Inglis acquired 50,000 shares of the business’s stock in a transaction on Friday, November 21st. The shares were purchased at an average price of GBX 101 per share, with a total value of £50,500.

    Stephen Inglis also recently made the following trade(s):

    • On Thursday, September 11th, Stephen Inglis bought 40,000 shares of Regional REIT stock. The shares were acquired at an average price of GBX 124 per share, for a total transaction of £49,600.

    Regional REIT Price Performance

    LON:RGL traded up GBX 0.20 during trading hours on Tuesday, hitting GBX 101.60. The company’s stock had a trading volume of 344,514 shares, compared to its average volume of 288,018. Regional REIT Limited has a 52-week low of GBX 97.60 and a 52-week high of GBX 130.80. The company has a debt-to-equity ratio of 153.74, a quick ratio of 1.30 and a current ratio of 0.67. The business’s 50-day moving average is GBX 111.74 and its two-hundred day moving average is GBX 117.81. The company has a market capitalization of £164.68 million, a PE ratio of -19.92 and a beta of 0.90.

    Regional REIT (LON:RGLGet Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported GBX (4.90) EPS for the quarter. Regional REIT had a negative return on equity of 28.79% and a negative net margin of 89.90%.

    Wall Street Analysts Forecast Growth

    A number of research firms have recently weighed in on RGL. Shore Capital reissued a “house stock” rating on shares of Regional REIT in a research report on Wednesday, November 12th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 140 target price on shares of Regional REIT in a research note on Thursday, September 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Regional REIT presently has a consensus rating of “Buy” and a consensus target price of GBX 140.

    View Our Latest Analysis on RGL

    About Regional REIT

    (Get Free Report)

    Regional REIT Limited is a UK based real estate investment trust, focused on building a large geographically diverse portfolio of income producing regional properties outside of the M25 motorway.

    Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core property and core plus property assets.

    Further Reading



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  • Golf Icon Phil Mickelson Refutes Claims Of Insider Trading Involvement, Says, ‘I Make No Trades Whatsoever’

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    Golfer Phil Mickelson has denied allegations of insider trading linked to an offshore oil company Sable Offshore Corp. (NYSE:SOC).

    On Friday, Hunterbrook Media published a report alleging the company leaked key information to investors. Mickelson is accused of informing the investors about an impending announcement that could potentially affect Sable’s stock price.

    The leaked call revealed that Sable CEO Jim Flores told select investors the company might need to raise up to $200 million by the end of 2025, information not publicly disclosed.

    The report alleges that Mickelson revealed non-public information after a discussion with the CEO of Sable Offshore, Jim Flores.

    In a post on X on Saturday, Mickelson refused the allegations and and accused the publication of “stock manipulation.”

    So a company says I can’t say anything to you but we will announce something at the close. I don’t know if it’s a dilution and the stock goes down or a deal for the stock to go up. I have to wait to see what the info is, I make no trades whatsoever and am ultra ultra careful…

    “So a company says I can’t say anything to you but we will announce something at the close. I don’t know if it’s a dilution and the stock goes down or a deal for the stock to go up. I have to wait to see what the info is, I make no trades whatsoever and am ultra ultra careful given past history. I don’t even share that information is coming til after the close. And you insinuate wrong doing? This looks like stock manipulation on their part and slanderous. Did they make any trades today?” he wrote in the post.

    If these allegations are substantiated, Mickelson, who is a player for LIV Golf, could face serious legal consequences.

    Why It Matters: This is not Mickelson’s first brush with insider trading allegations. In 2016, he paid over $1 million to the SEC to settle a case related to insider trading involving gambler Billy Walters.

    Although Mickelson was not formally charged, he was identified as a “relief defendant” in the case.

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    This article Golf Icon Phil Mickelson Refutes Claims Of Insider Trading Involvement, Says, ‘I Make No Trades Whatsoever’ originally appeared on Benzinga.com

    © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Goldman Sachs, Morgan Stanley defeat Archegos investors’ insider trading appeals

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    By Jonathan Stempel

    NEW YORK (Reuters) -Goldman Sachs (GS) and Morgan Stanley (MS) defeated appeals by investors who said the banks’ market manipulation and insider trading fueled the March 2021 collapse of Archegos Capital Management, the $36 billion family office run by the since-convicted Bill Hwang.

    In a 3-0 decision on Tuesday, the 2nd U.S. Circuit Court of Appeals in Manhattan said Archegos was not an insider that owed fiduciary duties to companies whose stocks it owned.

    This meant Archegos did not make Goldman and Morgan Stanley liable for allegedly front running the market by tipping them about its impending collapse, the court said.

    Goldman and Morgan Stanley were accused in seven lawsuits of using their knowledge of Archegos’ illiquidity to dump billions of dollars of Hwang’s favorite stocks including ViacomCBS, Discovery, and five Chinese companies such as Baidu.

    Investors in those stocks said the Wall Street banks, which had been two of Archegos’ prime brokers, should cover their losses because they knew Hwang could not meet margin calls and also had to sell.

    Lawyers for the investors did not immediately respond to requests for comment. Goldman and Morgan Stanley declined to comment.

    Archegos’ collapse stemmed from Hwang’s use of financial contracts known as total return swaps to build an estimated $160 billion of stock exposure.

    The collapse also caused billions of dollars in losses for banks such as Credit Suisse, which was later bought by Swiss rival UBS, and Japan’s Nomura Holdings.

    Writing for the appeals court, Circuit Judge Maria Araujo Kahn also said Goldman and Morgan Stanley did not agree to act in Archegos’ best interest, and found no proof they tipped preferred clients about its travails.

    Hwang and former Archegos chief financial officer Patrick Halligan were convicted of fraud in July 2024, and later sentenced to 18 years and eight years in prison, respectively.

    Both are appealing and free on bail. Hwang created Archegos in 2013, after his Tiger Asia funds settled a U.S. Securities and Exchange Commission insider trading case the prior December.

    In July, Goldman, Morgan Stanley and Wells Fargo agreed to pay a combined $120 million to settle a lawsuit by former ViacomCBS shareholders who said the banks hid conflicts of interest.

    Tuesday’s decision upheld a March 2024 dismissal by U.S. District Judge Jed Rakoff in Manhattan.

    The cases are In re Archegos 20A Litigation, 2nd U.S. Circuit Court of Appeals, Nos. 24-1159, 24-1161, 24-1162, 24-1166, 24-1173, 24-1177 and 24-1178.

    (Reporting by Jonathan Stempel in New York; Editing by Matthew Lewis)

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  • Seagate Technology Holdings plc (NASDAQ:STX) SVP John Christopher Morris Sells 1,131 Shares

    Seagate Technology Holdings plc (NASDAQ:STX) SVP John Christopher Morris Sells 1,131 Shares

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    Seagate Technology Holdings plc (NASDAQ:STXGet Free Report) SVP John Christopher Morris sold 1,131 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $111.90, for a total value of $126,558.90. Following the transaction, the senior vice president now owns 7,191 shares in the company, valued at $804,672.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

    Seagate Technology Stock Performance

    STX opened at $112.64 on Wednesday. The company’s 50-day simple moving average is $104.92 and its two-hundred day simple moving average is $99.52. The stock has a market capitalization of $23.71 billion, a P/E ratio of 73.14 and a beta of 1.04. Seagate Technology Holdings plc has a 52-week low of $64.12 and a 52-week high of $115.32.

    Seagate Technology (NASDAQ:STXGet Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.32. Seagate Technology had a net margin of 5.11% and a negative return on equity of 8.41%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm earned ($0.34) earnings per share. The firm’s revenue for the quarter was up 49.1% compared to the same quarter last year. Research analysts forecast that Seagate Technology Holdings plc will post 7.09 EPS for the current fiscal year.

    Seagate Technology Increases Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Sunday, December 15th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.56%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s payout ratio is presently 181.82%.

    Institutional Inflows and Outflows

    A number of institutional investors have recently bought and sold shares of STX. Quarry LP purchased a new position in shares of Seagate Technology during the 2nd quarter worth $27,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Seagate Technology by 2,407.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 337 shares during the period. Family Firm Inc. purchased a new position in Seagate Technology during the second quarter valued at $41,000. Larson Financial Group LLC grew its holdings in Seagate Technology by 15,766.7% during the second quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock valued at $49,000 after purchasing an additional 473 shares during the period. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Seagate Technology in the third quarter worth about $55,000. Institutional investors own 92.87% of the company’s stock.

    Analysts Set New Price Targets

    Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price target on Seagate Technology from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. TD Cowen boosted their target price on shares of Seagate Technology from $110.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Wedbush increased their price target on shares of Seagate Technology from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Seagate Technology from $90.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley lifted their target price on shares of Seagate Technology from $115.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $115.94.

    Check Out Our Latest Research Report on Seagate Technology

    About Seagate Technology

    (Get Free Report)

    Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.

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  • Viking Therapeutics, Inc. (NASDAQ:VKTX) CEO Sells $69,900.00 in Stock

    Viking Therapeutics, Inc. (NASDAQ:VKTX) CEO Sells $69,900.00 in Stock

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    Viking Therapeutics, Inc. (NASDAQ:VKTXGet Free Report) CEO Brian Lian sold 1,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $69.90, for a total transaction of $69,900.00. Following the sale, the chief executive officer now owns 2,354,927 shares of the company’s stock, valued at approximately $164,609,397.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

    Brian Lian also recently made the following trade(s):

    • On Monday, August 19th, Brian Lian sold 112,870 shares of Viking Therapeutics stock. The stock was sold at an average price of $65.80, for a total transaction of $7,426,846.00.
    • On Tuesday, July 30th, Brian Lian sold 115,859 shares of Viking Therapeutics stock. The shares were sold at an average price of $57.58, for a total transaction of $6,671,161.22.

    Viking Therapeutics Price Performance

    Shares of NASDAQ:VKTX opened at $64.63 on Friday. The company has a 50 day moving average of $55.23 and a 200-day moving average of $61.45. Viking Therapeutics, Inc. has a one year low of $8.28 and a one year high of $99.41. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of -69.49 and a beta of 1.03.

    Viking Therapeutics (NASDAQ:VKTXGet Free Report) last released its earnings results on Wednesday, July 24th. The biotechnology company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.06. During the same quarter last year, the business posted ($0.19) EPS. Equities research analysts anticipate that Viking Therapeutics, Inc. will post -0.99 earnings per share for the current year.

    Institutional Investors Weigh In On Viking Therapeutics

    A number of institutional investors have recently made changes to their positions in VKTX. Aristides Capital LLC lifted its stake in Viking Therapeutics by 120.0% in the second quarter. Aristides Capital LLC now owns 11,000 shares of the biotechnology company’s stock valued at $583,000 after buying an additional 6,000 shares during the period. Cetera Investment Advisers grew its position in shares of Viking Therapeutics by 114.0% during the 2nd quarter. Cetera Investment Advisers now owns 49,311 shares of the biotechnology company’s stock worth $2,614,000 after buying an additional 26,270 shares during the period. Truist Financial Corp increased its stake in shares of Viking Therapeutics by 357.1% in the 2nd quarter. Truist Financial Corp now owns 26,049 shares of the biotechnology company’s stock valued at $1,381,000 after acquiring an additional 20,350 shares during the last quarter. Second Line Capital LLC acquired a new stake in shares of Viking Therapeutics in the 2nd quarter valued at approximately $1,506,000. Finally, Creative Planning raised its position in shares of Viking Therapeutics by 3.4% in the 2nd quarter. Creative Planning now owns 15,753 shares of the biotechnology company’s stock valued at $835,000 after acquiring an additional 524 shares during the period. 76.03% of the stock is owned by institutional investors and hedge funds.

    Analysts Set New Price Targets

    VKTX has been the subject of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $90.00 price target on shares of Viking Therapeutics in a report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and set a $120.00 price target on shares of Viking Therapeutics in a research report on Monday, June 17th. StockNews.com raised shares of Viking Therapeutics to a “sell” rating in a report on Wednesday, July 31st. Raymond James raised their price objective on shares of Viking Therapeutics from $116.00 to $118.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Maxim Group reissued a “buy” rating and set a $120.00 price target on shares of Viking Therapeutics in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.78.

    View Our Latest Stock Report on VKTX

    About Viking Therapeutics

    (Get Free Report)

    Viking Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on the development of novel therapies for metabolic and endocrine disorders. The company’s lead drug candidate is VK2809, an orally available tissue and receptor-subtype selective agonist of the thyroid hormone receptor beta (TRß), which is in Phase IIb clinical trials to treat patients with biopsy-confirmed non-alcoholic steatohepatitis, as well as NAFLD.

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    Insider Buying and Selling by Quarter for Viking Therapeutics (NASDAQ:VKTX)

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  • Hounaïda Lasry Buys 7,000 Shares of B&M European Value Retail S.A. (LON:BME) Stock

    Hounaïda Lasry Buys 7,000 Shares of B&M European Value Retail S.A. (LON:BME) Stock

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    B&M European Value Retail S.A. (LON:BMEGet Free Report) insider Hounaïda Lasry acquired 7,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of GBX 500 ($6.41) per share, for a total transaction of £35,000 ($44,843.05).

    B&M European Value Retail Stock Performance

    Shares of BME opened at GBX 492.90 ($6.32) on Friday. The company’s 50 day moving average price is GBX 528.55 and its 200 day moving average price is GBX 539.27. B&M European Value Retail S.A. has a 52 week low of GBX 483.70 ($6.20) and a 52 week high of GBX 618.20 ($7.92). The company has a market capitalization of £4.93 billion, a PE ratio of 1,408.29 and a beta of 1.01. The company has a debt-to-equity ratio of 280.00, a quick ratio of 0.38 and a current ratio of 1.37.

    B&M European Value Retail Cuts Dividend

    The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be given a dividend of GBX 9.60 ($0.12) per share. This represents a yield of 1.76%. The ex-dividend date is Thursday, June 27th. B&M European Value Retail’s payout ratio is presently 4,285.71%.

    Analyst Upgrades and Downgrades

    Several research analysts have recently weighed in on BME shares. Shore Capital reissued a “not rated” rating on shares of B&M European Value Retail in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 660 ($8.46) target price on shares of B&M European Value Retail in a research report on Wednesday, April 17th. Jefferies Financial Group downgraded shares of B&M European Value Retail to a “hold” rating and lifted their target price for the stock from GBX 380 ($4.87) to GBX 525 ($6.73) in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of B&M European Value Retail from GBX 585 ($7.50) to GBX 471 ($6.03) and set an “underweight” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 572 ($7.33).

    Get Our Latest Report on B&M European Value Retail

    About B&M European Value Retail

    (Get Free Report)

    B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.

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  • Mueller Water Products, Inc. (NYSE:MWA) SVP Sells $127,101.22 in Stock

    Mueller Water Products, Inc. (NYSE:MWA) SVP Sells $127,101.22 in Stock

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    Mueller Water Products, Inc. (NYSE:MWAGet Free Report) SVP Kenji Takeuchi sold 6,658 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $19.09, for a total value of $127,101.22. Following the completion of the sale, the senior vice president now owns 28,334 shares in the company, valued at $540,896.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

    Kenji Takeuchi also recently made the following trade(s):

    • On Thursday, May 9th, Kenji Takeuchi sold 51,708 shares of Mueller Water Products stock. The shares were sold at an average price of $18.88, for a total transaction of $976,247.04.
    • On Wednesday, February 28th, Kenji Takeuchi sold 6,658 shares of Mueller Water Products stock. The stock was sold at an average price of $15.62, for a total transaction of $103,997.96.

    Mueller Water Products Stock Performance

    Shares of Mueller Water Products stock opened at $19.20 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.53 and a quick ratio of 2.08. The firm has a 50 day simple moving average of $16.33 and a 200 day simple moving average of $14.89. Mueller Water Products, Inc. has a fifty-two week low of $12.11 and a fifty-two week high of $19.43. The firm has a market cap of $2.99 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.03 and a beta of 1.33.

    Mueller Water Products (NYSE:MWAGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. The firm had revenue of $353.40 million for the quarter, compared to analyst estimates of $299.62 million. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Sell-side analysts predict that Mueller Water Products, Inc. will post 0.79 earnings per share for the current fiscal year.

    Mueller Water Products Announces Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be given a $0.064 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a yield of 1.33%. Mueller Water Products’s payout ratio is 40.63%.

    Analyst Ratings Changes

    A number of research firms have commented on MWA. StockNews.com upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Oppenheimer raised Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Thursday, April 18th. Robert W. Baird raised their price target on Mueller Water Products from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. The Goldman Sachs Group lifted their price objective on Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Finally, Baird R W upgraded Mueller Water Products to a “hold” rating in a report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and an average price target of $20.00.

    Read Our Latest Stock Analysis on MWA

    Institutional Inflows and Outflows

    A number of large investors have recently added to or reduced their stakes in the business. Pingora Partners LLC acquired a new position in shares of Mueller Water Products in the 4th quarter valued at $29,000. Daiwa Securities Group Inc. bought a new stake in Mueller Water Products in the first quarter valued at about $46,000. International Assets Investment Management LLC lifted its stake in Mueller Water Products by 1,340.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock valued at $68,000 after buying an additional 4,422 shares during the period. Register Financial Advisors LLC bought a new position in Mueller Water Products during the first quarter worth about $80,000. Finally, Global Retirement Partners LLC grew its position in shares of Mueller Water Products by 63.7% during the 4th quarter. Global Retirement Partners LLC now owns 6,962 shares of the industrial products company’s stock worth $97,000 after buying an additional 2,708 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

    About Mueller Water Products

    (Get Free Report)

    Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.

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    Insider Buying and Selling by Quarter for Mueller Water Products (NYSE:MWA)

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  • Enron Fast Facts | CNN

    Enron Fast Facts | CNN

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    CNN
     — 

    Here’s a look at Enron, an energy trading company that collapsed after a massive accounting fraud scheme was revealed. Its 2001 bankruptcy filing was the largest in American history at the time. Estimated losses totaled $74 billion.

    Enron was ranked as America’s fifth largest company by Fortune magazine in 2002, despite its 2001 bankruptcy filing.

    An independent review published in 2002 detailed how executives pocketed millions of dollars from complex, off-the-books partnerships while reporting inflated profits to shareholders.

    Executives including Kenneth Lay and Jeffrey Skilling were prosecuted for fraud-related crimes.

    Key figures sold their stock shortly before the company announced a sharp downturn in earnings.

    Lower-level employees were encouraged to invest in company stock for their retirement savings just before the company collapsed. The workers later filed a class action lawsuit and won an $85 million settlement.

    1985 – Houston Natural Gas merges with Omaha-based InterNorth to form Enron.

    1986 – Lay is appointed chairman and CEO of Enron.

    1989 – Enron enters the natural gas commodities trading market.

    1990 – Skilling, an energy consultant, is hired to run a new subsidiary called Enron Finance Corp.

    February 12, 2001 – Skilling becomes CEO while Lay stays on as chairman.

    August 14, 2001 – Skilling resigns and Lay becomes CEO again.

    August 2001 – Sherron Watkins, a vice president, warns Lay that the company could “implode in a wave of accounting scandals.”

    October 16, 2001 – Enron announces a third-quarter loss of $618 million. The company later reveals that it overstated earnings dating back to 1997.

    October 31, 2001 – The company discloses that it is under formal investigation by the Securities and Exchange Commission.

    November 9, 2001 – Enron confirms that it has agreed to be purchased by a rival company, Dynegy for $9 billion. On November 28, Dynegy announces it has terminated merger talks with Enron.

    December 2, 2001 – Enron files for Chapter 11 bankruptcy protection.

    January 9, 2002 – The US Department of Justice opens a criminal investigation into Enron’s collapse.

    January 10, 2002 – Arthur Andersen LLP, the accounting firm that handled Enron’s audits, discloses that its employees had destroyed company documents.

    January 15, 2002 – The New York Stock Exchange suspends trading of Enron shares.

    January 17, 2002 – Enron ends its partnership with Arthur Andersen.

    January 23, 2002 – Lay resigns as CEO. He later steps down from the board of directors.

    January 25, 2002 – Former Enron vice chairman J. Clifford Baxter is found dead in an apparent suicide.

    February 12, 2002 – Lay invokes his Fifth Amendment right before the Senate Commerce Committee.

    March 14, 2002 – The DOJ indicts Arthur Andersen for obstruction of justice. A jury later returns a guilty verdict for the accounting firm. The Supreme Court later overturns the conviction.

    February 19, 2004 – Skilling is charged with 35 counts of fraud and insider trading. He pleads not guilty.

    July 7, 2004 – Lay is indicted. He is charged with conspiracy, securities fraud, wire fraud, bank fraud and making false statements. During his arraignment the next day, he pleads not guilty to all 11 charges and is released on $500,000 unsecured bond.

    May 25, 2006 – Skilling and Lay are convicted of conspiracy and fraud. Skilling is also convicted on one count of insider trading and five counts of making false statements. The jury acquits Skilling on nine additional counts of insider trading.

    July 5, 2006 – Lay dies of a heart attack while awaiting sentencing.

    September 8, 2008 – A class action lawsuit filed by shareholders and investors is settled in federal court. The $7.2 billion settlement will be paid out by a group of banks accused of participating in the accounting fraud scheme.

    May 11, 2009 – Skilling files a petition with the Supreme Court to overturn his conviction after appeals with the lower courts fail.

    May 9, 2010 – “Enron,” a musical about the company’s collapse, closes on Broadway 12 days after opening amid slow ticket sales.

    April 16, 2012 – The Supreme Court rejects Skilling’s appeal.

    June 21, 2013 – A federal judge reduces Skilling’s sentence by more than 10 years. In return, Skilling agrees to stop challenging his conviction and forfeit roughly $42 million that will be distributed among the victims of the Enron fraud.

    December 8, 2015 – The SEC announces that it has obtained a summary judgment against Skilling, permanently barring him from serving as an officer or director of a publicly held company. The judgment settles a long-running civil suit by the SEC.

    February 21, 2019 – Skilling is released after serving over 12 years in federal prison.

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  • Brandon Charnas Adds Criminal Investigation Onto SEC Probe

    Brandon Charnas Adds Criminal Investigation Onto SEC Probe

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    Brandon Charnas is being eyed in a criminal investigation by the Justice Department in addition to the Securities and Exchange Commission, a probe which may be roping in other real estate figures.

    The DOJ is in the early stages of probing Charnas’ $385,000 profit that allegedly came via insider trading, Bloomberg reported. The SEC has been hot on Charnas’ trail for some time, investigating alleged use of non-public information regarding Staples’ bid for Office Depot.

    Right before Christmas in 2020, Charnas lunched with friends in Miami and soon after invested $31,000 in call options for Office Depot, according to the SEC. He and other traders allegedly bought options and shares of Office Depot’s parent company in the subsequent days.

    When Staples announced an offer to buy Office Depot on Jan. 11, 2021, text messages in a group chat involving the traders included one message saying, “You’re welcome boyz,” according to the SEC.

    Charnas’ attorney has refuted the insider trading allegations.

    There is a subpoena fight brewing between the SEC and Charnas, co-founder of Current Real Estate Advisors. The SEC is seeking text messages from Charnas, who scored a win in Florida when the regulator was blocked from obtaining them; the SEC is appealing.

    But a court filing in the subpoena battle needed to be redacted after the SEC said it named people who were under investigation. While the filings didn’t have details on individuals being investigated, Bloomberg cobbled together names through search terms the regulator flagged in regards to its subpoena.

    Those names include Brett Mufson, president of Fontainebleau Development and a board member of Charnas’ company, and Stefano Santoro, hired in 2020 by Charnas. Neither Mufson nor Santoro commented to Bloomberg.

    Charnas and his partner Adam Henick lead Current, which is active in New York and Miami. Charnas is also known for being married to Arielle Charnas, a social media influencer who founded the now-struggling fashion brand, Something Navy.

    The couple have a prominent online presence, which has led to some mockery on the web in light of their recent issues. On a Reddit board, a user commented on “how the mighty have fallen” when a picture showed Brandon flying coach in a middle seat.

    Holden Walter-Warner

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  • Jacques Vaillancourt Purchases 50,000 Shares of Mineral & Financial Investments Limited (LON:MAFL) Stock

    Jacques Vaillancourt Purchases 50,000 Shares of Mineral & Financial Investments Limited (LON:MAFL) Stock

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    Mineral & Financial Investments Limited (LON:MAFLGet Free Report) insider Jacques Vaillancourt bought 50,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were acquired at an average price of GBX 11 ($0.14) per share, with a total value of £5,500 ($7,003.69).

    Mineral & Financial Investments Price Performance

    Shares of LON:MAFL opened at GBX 11.75 ($0.15) on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 47.78 and a quick ratio of 49.36. The firm has a market capitalization of £4.36 million, a PE ratio of 293.75 and a beta of 0.87. The business has a 50 day simple moving average of GBX 11.46 and a two-hundred day simple moving average of GBX 13.62. Mineral & Financial Investments Limited has a 1 year low of GBX 9.10 ($0.12) and a 1 year high of GBX 27 ($0.34).

    About Mineral & Financial Investments

    (Get Free Report)

    Mineral & Financial Investments Limited, an investment company, invests in natural resources, minerals, metals, and oil and gas projects in the Cayman Islands. The company is based in Grand Cayman, the Cayman Islands.

    Further Reading

    Receive News & Ratings for Mineral & Financial Investments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mineral & Financial Investments and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Sundar Pichai Sells 22,500 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

    Sundar Pichai Sells 22,500 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

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    Alphabet Inc. (NASDAQ:GOOGGet Free Report) CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total transaction of $3,152,475.00. Following the transaction, the chief executive officer now directly owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

    Sundar Pichai also recently made the following trade(s):

    • On Wednesday, December 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $141.43, for a total transaction of $3,182,175.00.

    Alphabet Stock Performance

    Alphabet stock opened at $137.39 on Friday. The firm has a market capitalization of $1.72 trillion, a P/E ratio of 26.37, a P/E/G ratio of 1.25 and a beta of 1.06. The stock has a fifty day moving average price of $136.01 and a two-hundred day moving average price of $132.42. Alphabet Inc. has a 52-week low of $85.57 and a 52-week high of $143.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01.

    Alphabet (NASDAQ:GOOGGet Free Report) last released its quarterly earnings results on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $64.05 billion for the quarter, compared to analyst estimates of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. As a group, analysts anticipate that Alphabet Inc. will post 5.83 EPS for the current fiscal year.

    Wall Street Analyst Weigh In

    Several research firms recently weighed in on GOOG. Raymond James initiated coverage on shares of Alphabet in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $150.00 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $131.93.

    Get Our Latest Stock Analysis on Alphabet

    Institutional Investors Weigh In On Alphabet

    A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Alphabet by 0.3% during the 1st quarter. BlackRock Inc. now owns 365,927,668 shares of the information services provider’s stock worth $38,056,478,000 after buying an additional 1,230,697 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Alphabet by 94,153.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 200,558,295 shares of the information services provider’s stock valued at $24,261,537,000 after purchasing an additional 200,345,509 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Alphabet by 61,587.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after buying an additional 129,835,437 shares in the last quarter. FMR LLC increased its stake in shares of Alphabet by 3.8% in the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock valued at $15,852,868,000 after buying an additional 4,348,188 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Alphabet by 0.9% during the second quarter. Geode Capital Management LLC now owns 98,217,816 shares of the information services provider’s stock valued at $11,846,230,000 after acquiring an additional 882,830 shares during the period. 27.13% of the stock is currently owned by institutional investors.

    About Alphabet

    (Get Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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  • Craig F. Jr. Courtemanche Sells 68,000 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

    Craig F. Jr. Courtemanche Sells 68,000 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

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    Procore Technologies, Inc. (NYSE:PCORGet Free Report) CEO Craig F. Jr. Courtemanche sold 68,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.40, for a total value of $4,039,200.00. Following the transaction, the chief executive officer now directly owns 541,149 shares in the company, valued at approximately $32,144,250.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

    Procore Technologies Stock Up 3.5 %

    PCOR opened at $52.22 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $7.44 billion, a price-to-earnings ratio of -31.84 and a beta of 0.69. Procore Technologies, Inc. has a one year low of $41.80 and a one year high of $76.86. The business’s fifty day moving average is $64.66 and its two-hundred day moving average is $63.72.

    Procore Technologies (NYSE:PCORGet Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.13. Procore Technologies had a negative net margin of 25.94% and a negative return on equity of 15.92%. The firm had revenue of $228.54 million for the quarter, compared to analysts’ expectations of $217.69 million. Analysts anticipate that Procore Technologies, Inc. will post -1.37 EPS for the current fiscal year.

    Institutional Trading of Procore Technologies

    Several institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in shares of Procore Technologies by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,908,997 shares of the company’s stock worth $620,601,000 after purchasing an additional 734,057 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Procore Technologies by 20.4% during the third quarter. Vanguard Group Inc. now owns 6,141,607 shares of the company’s stock valued at $303,886,000 after acquiring an additional 1,042,498 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Procore Technologies by 15.1% during the second quarter. JPMorgan Chase & Co. now owns 4,630,077 shares of the company’s stock worth $301,279,000 after acquiring an additional 605,879 shares during the last quarter. BlackRock Inc. grew its stake in Procore Technologies by 17.3% in the 2nd quarter. BlackRock Inc. now owns 3,576,438 shares of the company’s stock worth $232,719,000 after acquiring an additional 527,268 shares during the period. Finally, Morgan Stanley raised its holdings in Procore Technologies by 2.9% in the 4th quarter. Morgan Stanley now owns 2,987,734 shares of the company’s stock valued at $140,961,000 after acquiring an additional 82,918 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

    Wall Street Analyst Weigh In

    A number of research analysts have recently issued reports on PCOR shares. Scotiabank raised Procore Technologies from a “sector perform” rating to a “sector outperform” rating and set a $81.00 target price on the stock in a report on Tuesday, July 11th. JMP Securities dropped their price objective on shares of Procore Technologies from $75.00 to $69.00 and set a “market outperform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of Procore Technologies from $85.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday. Mizuho dropped their price target on shares of Procore Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Canaccord Genuity Group raised their price objective on shares of Procore Technologies from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.27.

    Read Our Latest Stock Report on Procore Technologies

    Procore Technologies Company Profile

    (Get Free Report)

    Procore Technologies, Inc provides a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

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    Insider Buying and Selling by Quarter for Procore Technologies (NYSE:PCOR)

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  • New York judge rejects Indiana ex-U.S. Rep. Steve Buyer’s request to remain free pending appeal

    New York judge rejects Indiana ex-U.S. Rep. Steve Buyer’s request to remain free pending appeal

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    A judge says former U.S. Rep. Steve Buyer cannot defer his surrender next month to serve a nearly two-year prison sentence resulting from his insider trading conviction

    ByThe Associated Press

    October 16, 2023, 6:15 PM

    FILE – U.S. Rep. Steve Buyer, R-Ind., speaks during a news conference in Indianapolis, Jan. 29, 2010. A federal judge said Monday, Oct. 16, 2023, that the former U.S. representative cannot defer his surrender next month to serve a nearly two-year prison sentence resulting from his insider trading conviction because there was overwhelming evidence of his crimes. (AP Photo/AJ Mast, File)

    The Associated Press

    NEW YORK — Former U.S. Rep. Steve Buyer cannot defer his surrender next month to serve a nearly two-year prison sentence resulting from his insider trading conviction because there was overwhelming evidence of his crimes, a federal judge said Monday.

    Judge Richard M. Berman ruled there was no substantial question nor any close question of law to warrant letting the Indiana Republican remain free until his appeal is decided. He said prosecutors had presented “compelling testimony and documentary evidence” of Buyer’s crimes and “devastating evidence of an attempted cover-up.”

    The judge noted that a jury capped a nine-day trial by returning its March verdict in less than four hours. Prosecutors say he made illegal stock trades based on insider information while working as a consultant after serving in the House from 1993 to 2011.

    The lawyer and Persian Gulf War veteran once chaired the House Veterans’ Affairs committee and was a House prosecutor at ex-President Bill Clinton’s 1998 impeachment trial.

    At sentencing last month, Berman said Buyer’s conviction by a jury was not a close call because the evidence against him “screams guilty.” The judge said Buyer lied when he testified at his trial about when he learned about mergers that he profited from.

    The Noblesville, Indiana, resident is due to report to prison on Nov. 28.

    His lawyers did not immediately respond to messages seeking comment.

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  • Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO Sells 5,000 Shares of Stock

    Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO Sells 5,000 Shares of Stock

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    Generac Holdings Inc. (NYSE:GNRCGet Free Report) CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $108.24, for a total transaction of $541,200.00. Following the transaction, the chief executive officer now owns 597,690 shares in the company, valued at approximately $64,693,965.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

    Aaron Jagdfeld also recently made the following trade(s):

    • On Friday, September 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $120.23, for a total transaction of $601,150.00.

    Generac Price Performance

    GNRC stock opened at $106.11 on Tuesday. Generac Holdings Inc. has a 12 month low of $86.29 and a 12 month high of $186.70. The company has a current ratio of 2.43, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $117.18 and a 200 day moving average price of $118.25. The stock has a market cap of $6.60 billion, a PE ratio of 44.03, a P/E/G ratio of 2.02 and a beta of 1.29.

    Generac (NYSE:GNRCGet Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.08). The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $979.51 million. Generac had a return on equity of 14.23% and a net margin of 4.64%. Generac’s revenue for the quarter was down 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. Equities research analysts anticipate that Generac Holdings Inc. will post 5.41 earnings per share for the current year.

    Analyst Ratings Changes

    Several brokerages have recently commented on GNRC. Argus upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Tuesday, July 11th. StockNews.com began coverage on shares of Generac in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Oppenheimer decreased their price objective on shares of Generac from $145.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. The Goldman Sachs Group reduced their price target on shares of Generac from $154.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Finally, Citigroup reduced their price target on shares of Generac from $144.00 to $133.00 in a report on Monday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Generac has an average rating of “Hold” and an average target price of $142.74.

    Check Out Our Latest Analysis on GNRC

    Institutional Investors Weigh In On Generac

    Large investors have recently added to or reduced their stakes in the stock. WealthPLAN Partners LLC purchased a new stake in Generac in the 1st quarter valued at about $60,000. Exchange Traded Concepts LLC purchased a new stake in Generac in the 1st quarter valued at about $44,000. Arrow Investment Advisors LLC purchased a new stake in Generac in the 4th quarter valued at about $207,000. SG Americas Securities LLC boosted its position in Generac by 93.4% in the 2nd quarter. SG Americas Securities LLC now owns 9,188 shares of the technology company’s stock valued at $1,370,000 after buying an additional 4,437 shares during the period. Finally, Level Four Advisory Services LLC purchased a new stake in Generac in the 1st quarter valued at about $247,000. 87.59% of the stock is owned by hedge funds and other institutional investors.

    Generac Company Profile

    (Get Free Report)

    Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

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