Verisk analytics chief legal officer sells $595,428 worth of stock Via Investing.com
Kathy Card Beckles, Chief Legal Officer at Verisk Analytics, Inc. (NASDAQ: ), a $39.5 billion data analytics company with gross profit margins of 68%, recently sold a majority of its shares in the company. According to InvestingPro analysis, the stock is currently trading above its Fair Value. According to a filing with the Securities and Exchange Commission, Beckles sold 2,111 shares of Verisk Analytics common stock on January 17, 2025, at a price of $282.06 per share. The total value of the work came to $595,428. The sale was made under a pre-planned 10b5-1 trading plan that Beckles filed on March 14, 2024. After the transaction, he retains ownership of 9,066 shares in the company. InvestingPro subscribers can access 13 other key insights about VRSK, including its comprehensive Pro Research Report, which provides an in-depth analysis of the company’s financial health and growth prospects.
In other recent news, Verisk Analytics reported a 7% increase in consolidated revenue to $725 million in the third quarter of 2024, driven largely by a 9.1% increase in revenue. BMO Capital Markets raised its price target on Verisk to $276 while maintaining a Market Perform rating, indicating confidence in the company’s financial strength. Once upon a time, Barclays (LON:) analysts adjusted their stance, removing the rating from Overweight to Equalweight, but kept the price target steady at $310. RBC Capital Markets maintained its Outperform rating, citing forecasts for revenue growth of 6-8% and a double-digit increase in earnings per share. These latest developments raise a positive outlook for Verisk Analytics, with analysts expecting strong subscription growth in 2025.
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