Clarivate Plc (NYSE:CLVT) Insider Bar Veinstein Sells 60,000 Shares

Clarivate Plc (NYSE:CLVT) insider Bar Veinstein sold 60,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $7.00, for a total transaction of $420,000.00. Following the completion of the transaction, the insider now owns 916,583 shares of the company’s stock, valued at approximately $6,416,081. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bar Veinstein also recently made the following trade(s):

• On Thursday, September 19th, Bar Veinstein sold 120,000 shares of Clarivate stock. The shares were sold at an average price of $7.00, for a total value of $840,000.00.

Clarivate Stock Down 0.1 %

NYSE:CLVT opened at $6.70 on Friday. The company has a market cap of $4.48 billion, a price-to-earnings ratio of -4.04 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s fifty day moving average price is $6.62 and its two-hundred day moving average price is $6.39. Clarivate Plc has a 52-week low of $4.97 and a 52-week high of $9.60.

Clarivate (NYSE:CLVT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $650.30 million during the quarter, compared to analysts’ expectations of $651.94 million. Clarivate had a negative net margin of 46.53% and a positive return on equity of 10.01%. Clarivate’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. On average, analysts anticipate that Clarivate Plc will post 0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

CLVT has been the topic of several recent analyst reports. Barclays decreased their price target on Clarivate from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada cut their price objective on Clarivate from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Clarivate presently has an average rating of “Hold” and a consensus target price of $7.58.

Institutional Investors Weigh In On Clarivate

Institutional investors have recently made changes to their positions in the stock. Alaska Permanent Fund Corp boosted its holdings in Clarivate by 6.5% during the first quarter. Alaska Permanent Fund Corp now owns 305,069 shares of the company’s stock worth $2,267,000 after buying an additional 18,530 shares during the last quarter. Exor N.V. boosted its stake in Clarivate by 2.4% during the 1st quarter. Exor N.V. now owns 67,294,884 shares of the company’s stock worth $500,001,000 after acquiring an additional 1,566,519 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Clarivate by 31.4% during the first quarter. Principal Financial Group Inc. now owns 39,027 shares of the company’s stock valued at $290,000 after purchasing an additional 9,328 shares during the period. J.W. Cole Advisors Inc. bought a new stake in Clarivate in the first quarter valued at approximately $76,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Clarivate in the first quarter worth $305,000. 85.72% of the stock is owned by institutional investors and hedge funds.

About Clarivate

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.