Yelp’s chief product officer Saldanha Craig sells $38,400 in inventory

SAN FRANCISCO—Saldanha Craig, Chief Product Officer at Yelp Inc. (NYSE:YELP), has bought 1,000 shares of the corporate’s frequent inventory, in accordance with a current SEC submitting. The shares had been bought at a value of $38.40 every, leading to a complete transaction worth of $38,400. In accordance with InvestingPro evaluation, Yelp at the moment exhibits sturdy monetary well being with an ideal Piotroski Rating of 9 and industry-leading gross revenue margins of over 91%.

This transaction was carried out below a 10b5-1 buying and selling plan, which Craig adopted on August 30, 2024. Following this sale, Craig retains possession of 182,558 shares within the firm.

Yelp, headquartered in San Francisco, continues to be a major participant within the private providers sector, providing a platform for person critiques and proposals.

In different current information, Yelp Inc. has finalized its acquisition of auto service platform RepairPal in an $80 million money transaction. This strategic transfer is anticipated to boost Yelp’s vary of providers by integrating a reliable auto restore element into its native enterprise platform. Along with this improvement, Yelp introduced combined outcomes for the third quarter of 2024, with a document web income of $360 million, a 4% enhance year-over-year, regardless of declines in restaurant, retail, and different classes. The corporate additionally reported an 11% web earnings margin and a 28% adjusted EBITDA margin. Yelp’s Providers income notably elevated by 11%, and the Dwelling providers section income grew by 15%. For the total 12 months, Yelp tasks web income between $1.397 billion and $1.402 billion, with adjusted EBITDA anticipated to be between $341 million to $346 million. These current developments spotlight Yelp’s efforts to navigate a difficult market whereas pursuing development via strategic investments and acquisitions.

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