Insider Selling: Clarivate PLC (NYSE:CLVT) Insider Sells 100,000 Shares of Stock

Clarivate PLC (NYSE:CLVT - Get Free Report) insider James Gordon Samson sold 100,000 shares of Clarivate stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $4.53, for a total transaction of $453,000.00. Following the completion of the sale, the insider directly owned 1,271,103 shares of the company's stock, valued at approximately $5,758,096.59. This trade represents a 7.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Clarivate Stock Performance

NYSE CLVT traded down $0.08 during trading hours on Thursday, hitting $4.38. 3,033,221 shares of the company's stock traded hands, compared to its average volume of 5,354,583. The business's fifty day moving average price is $4.25 and its two-hundred day moving average price is $4.42. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $2.99 billion, a P/E ratio of -4.51 and a beta of 1.47. Clarivate PLC has a 52 week low of $3.04 and a 52 week high of $7.15.

Clarivate (NYSE:CLVT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Clarivate had a negative net margin of 26.32% and a positive return on equity of 8.75%. The business had revenue of $593.70 million for the quarter, compared to analysts' expectations of $574.03 million. During the same quarter last year, the company posted $0.14 EPS. The company's revenue was down 4.4% compared to the same quarter last year. Equities research analysts predict that Clarivate PLC will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Clarivate from a "buy" rating to a "hold" rating in a report on Saturday, June 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of Clarivate by 175.5% during the 4th quarter. American Century Companies Inc. now owns 5,061,276 shares of the company's stock valued at $25,711,000 after acquiring an additional 3,224,278 shares during the period. IFP Advisors Inc lifted its holdings in Clarivate by 11,132.2% during the fourth quarter. IFP Advisors Inc now owns 20,555 shares of the company's stock valued at $106,000 after purchasing an additional 20,372 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Clarivate by 34.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock worth $142,000 after purchasing an additional 7,247 shares during the period. Raymond James Financial Inc. bought a new position in shares of Clarivate in the fourth quarter worth approximately $19,172,000. Finally, Norges Bank purchased a new stake in shares of Clarivate in the fourth quarter worth $27,764,000. Institutional investors own 85.72% of the company's stock.

Clarivate Company Profile

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.