Nicola T. Allais, Chief Financial Officer of DoubleVerify Holdings , Inc. (NYSE:DV), recently sold shares worth $75,911, according to a regulatory filing with the Securities and Exchange Commission. The company, which boasts an impressive 82% gross profit margin and maintains a perfect Piotroski Score of 9 according to InvestingPro data, appears undervalued at current trading levels. The transactions took place on December 17 and 18, with shares sold at prices ranging from $20.0617 to $20.5063. These sales were part of a pre-arranged trading plan under Rule 10b5-1, adopted by Allais in August 2024.
In addition to the stock sales, Allais exercised options to acquire a total of 3,738 shares at a price of $2.01 per share. Following these transactions, Allais holds 85,882 shares of DoubleVerify common stock.
The transactions reflect a continuation of Allais's financial strategy, as detailed in previous filings, and provide insight into insider activity at DoubleVerify, a company specializing in digital media measurement and analytics.
In other recent news, DoubleVerify, a software platform for digital media measurement and analytics, has been the focus of both financial results and analyst coverage. The company recently announced its financial results for the third quarter of 2024, with a focus on non-GAAP financial measures. The results were in line with current expectations and available information. However, the company cautioned investors about forward-looking statements that are subject to risks and uncertainties.
On a separate note, the financial services firm Raymond (NS:RYMD) James initiated coverage on DoubleVerify, giving it an Outperform rating and a price target of $25.00 per share. The endorsement reflects a positive outlook on the company's position in the digital advertising industry. DoubleVerify is recognized as a market leader, expected to benefit from the continued growth in digital advertising spend, and its expansion into new market segments.
Raymond James analysts also highlighted the company's attractive financial profile, with expectations of medium-term growth rates in the low double-digits to low-teens. EBITDA margins are projected to surpass 35%. These recent developments further emphasize the company's potential and stability in the rapidly evolving adtech industry.
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