Simulations Plus director Daniel L. Weiner sells $21,375 in inventory

Daniel L. Weiner, a director at Simulations Plus , Inc. (NASDAQ:SLP), not too long ago offered 750 shares of the corporate’s frequent inventory. The shares have been offered at a worth of $28.50 every, totaling $21,375. The transaction comes because the inventory trades close to its 52-week low of $27.07, with the corporate at present valued at $562 million. This transaction was carried out routinely underneath a pre-established Rule 10b5-1 buying and selling plan. Following this sale, Weiner holds 7,236 shares within the firm. The sale was reported in a regulatory submitting submitted on December 30, 2024. In keeping with InvestingPro evaluation, Simulations Plus maintains sturdy monetary well being with liquid belongings exceeding short-term obligations and operates with reasonable debt ranges. The corporate’s subsequent earnings report is scheduled for January 7, with analysts not too long ago revising earnings estimates upward.

In different latest information, Simulations Plus has been making important strides in each its monetary efficiency and analysis collaborations. The corporate ended fiscal 12 months 2024 with an 18% rise in whole income to $70 million, and a fourth-quarter income improve of 19% to $18.7 million. Regardless of falling wanting the $19.7 million consensus estimate, the corporate issued monetary steering for fiscal 12 months 2025 that included income projections aligning with preliminary estimates.

Simulations Plus has additionally been awarded a grant by the U.S. Meals and Drug Administration for a collaborative challenge with the College of Strathclyde and InnoGI Applied sciences. This initiative goals to advance understanding and prediction of amorphous stable dispersion formulations underneath varied circumstances.

Moreover, the corporate’s strategic acquisitions of Professional-ficiency and Immunetrics have broadened its market attain and enhanced its software program choices. Regardless of challenges within the Asian market, Simulations Plus stays optimistic, projecting a income of $90 million to $93 million for fiscal 12 months 2025.

Lastly, BTIG has adjusted the monetary outlook for Simulations Plus, decreasing the worth goal to $50.00 from the earlier $60.00, whereas sustaining a Purchase ranking on the inventory. This adjustment is available in mild of the corporate’s latest monetary efficiency and market expectations.

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