Verisk analytics chief authorized officer sells $595,428 in inventory

Kathy Card Beckles, Chief Authorized Officer at Verisk Analytics, Inc. (NASDAQ:VRSK), a $39.5 billion knowledge analytics firm with spectacular gross revenue margins of 68%, lately offered a good portion of her shares within the firm. In line with InvestingPro evaluation, the inventory is presently buying and selling above its Truthful Worth. In line with a submitting with the Securities and Alternate Fee, Beckles offered 2,111 shares of Verisk Analytics widespread inventory on January 17, 2025, at a worth of $282.06 per share. The full worth of the transaction amounted to $595,428. This sale was made below a pre-arranged 10b5-1 buying and selling plan that Beckles established on March 14, 2024. Following the transaction, she retains possession of 9,066 shares within the firm. InvestingPro subscribers can entry 13 further key insights about VRSK, together with its complete Professional Analysis Report, which supplies deep-dive evaluation of the corporate’s monetary well being and development prospects.

In different current information, Verisk Analytics reported a 7% improve in consolidated income to $725 million within the third quarter of 2024, largely pushed by a 9.1% rise in subscription revenues. BMO Capital Markets elevated the worth goal for Verisk to $276 whereas sustaining a Market Carry out ranking, reflecting confidence within the firm’s monetary resilience. Concurrently, Barclays (LON:BARC) analysts adjusted their stance, transferring the ranking from Obese to Equalweight, however holding the worth goal regular at $310. RBC Capital Markets maintained its Outperform ranking, citing projections of a 6-8% income improve and a double-digit rise in earnings per share. These current developments counsel a optimistic outlook for Verisk Analytics, with analysts anticipating robust subscription development in 2025.

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