DoubleVerify Holdings , Inc. (NYSE:DV) Chief Financial Officer Nicola T. Allais recently engaged in stock transactions, according to a new SEC filing. The CFO sold shares worth approximately $67,676 and also purchased shares at a price of $2.01.
On May 20 and May 21, Allais executed sales of DoubleVerify common stock, totaling 3,528 shares. The sales occurred at weighted average prices ranging from $18.7939 to $19.5713, with the transactions on the first day falling between $19.565 and $19.585, and transactions on the following day ranging from $18.76 to $18.845. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which was adopted on November 14, 2023.
In addition to the sales, Allais also acquired the same number of shares, 3,528, at a price of $2.01 per share on the same dates through the exercise of options. These options were part of a grant that became fully vested on November 6, 2021, after being granted on January 4, 2018.
Following these transactions, the CFO's ownership in the company's common stock changed, but the specific post-transaction share amounts for each date remained consistent at 73,030 shares after the sales and 74,794 shares after the purchases.
Investors often monitor insider transactions as they can provide insights into the company's performance and executives' confidence in the firm's prospects. With DoubleVerify's focus on digital media measurement and analytics, these transactions may be of particular interest to those following the tech sector.
InvestingPro Insights
DoubleVerify Holdings, Inc. (NYSE:DV) has been navigating a dynamic market environment, which is reflected in its recent financial performance and stock activity. As investors look deeper into the company's fundamentals, certain metrics from InvestingPro stand out:
- The company boasts a substantial gross profit margin of 81.5% over the last twelve months as of Q1 2024, indicating strong efficiency in its operations and cost management.
- Despite recent price volatility, with a -36.55% one-month price total return as of the latest data, DoubleVerify holds more cash than debt on its balance sheet, which could provide a cushion against market downturns and offer financial flexibility.
- The stock's current P/E Ratio stands at 48.47, which is considered high, suggesting that investors are expecting higher earnings growth in the future relative to the company's current earnings.
These InvestingPro Data points can help investors gain a clearer picture of DoubleVerify's financial health and market position. Additionally, the company's stock is currently in oversold territory according to the RSI, which is an InvestingPro Tip that could signal a potential rebound opportunity for investors.
For those looking to delve further into DoubleVerify's financials and stock performance, additional InvestingPro Tips are available. For instance, while the company is trading at a high P/E ratio relative to near-term earnings growth, it's also worth noting that analysts predict the company will be profitable this year. Investors interested in a comprehensive analysis can find 17 more tips on InvestingPro, which could provide deeper insights into DoubleVerify's valuation and future prospects.
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