Verisk Analytics, Inc. (NASDAQ:VRSK) director Samuel G. Liss recently engaged in significant trading activity involving the company's shares, as disclosed in a new SEC filing. On May 3, 2024, Liss sold a total of 14,055 shares of common stock, resulting in over $3.3 million in proceeds for the director.
The sales were made at varying prices, with 3,113 shares sold at an average price of $234.34, and another 10,016 shares at an average price of $235.41. A smaller batch of 926 shares was sold at an average price of $235.87. These sales represent a price range between $234.34 and $235.87 for the total shares sold.
In addition to the sales, Liss also acquired shares through the exercise of options. A total of 14,055 shares were acquired at a set price of $60.90 per share, amounting to $855,949. These transactions reflect the director's exercising of stock options granted under Verisk Analytics' 2013 Equity Incentive Plan.
Following these transactions, Liss's ownership in the company has been adjusted, but he remains a significant shareholder with tens of thousands of shares in his portfolio.
Investors often monitor insider trading activity, such as purchases and sales made by company directors, for insights into the sentiment of company leadership regarding the firm's prospects. While such transactions can be part of personal financial management, they can also sometimes provide indications of a company's future performance.
Verisk Analytics specializes in data analytics and risk assessment in various sectors, including insurance, natural resources, financial services, and healthcare. The company is incorporated in Delaware and headquartered in Jersey City, New Jersey.
InvestingPro Insights
Following the recent insider trading activity by Verisk Analytics, Inc. (NASDAQ:VRSK) director Samuel G. Liss, current and potential investors may be seeking additional insights into the company's financial health and market standing. According to InvestingPro data, Verisk Analytics currently has a market capitalization of $33.88 billion, reflecting its significant presence in the data analytics industry.
The company's P/E ratio stands at 44.01, which, when adjusted for the last twelve months as of Q1 2024, slightly decreases to 42.49. This valuation metric, in conjunction with the InvestingPro Tip that Verisk is trading at a low P/E ratio relative to near-term earnings growth, suggests that the company may have room for future stock price appreciation if earnings continue to grow at the anticipated rate.
Another notable metric is Verisk's gross profit margin, which has been impressive at 67.51% for the last twelve months as of Q1 2024. This robust profitability indicator is supported by an InvestingPro Tip highlighting the company's impressive gross profit margins, which could be a key factor for investors considering the stock's value proposition.
For those looking to delve deeper into Verisk Analytics' financials and stock performance, InvestingPro offers a range of additional tips, including insights on the company's dividend growth, earnings revisions by analysts, and historical return performance. There are 13 more InvestingPro Tips available for VRSK, which can be accessed by visiting InvestingPro. To enhance your investing experience, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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