Clarivate PLC (NYSE:CLVT) Insider Sells $453,000.00 in Stock

Clarivate PLC (NYSE:CLVT - Get Free Report) insider James Gordon Samson sold 100,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $4.53, for a total transaction of $453,000.00. Following the transaction, the insider 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 filing with the SEC, which is accessible through the SEC website.

Clarivate Trading Down 1.7%

CLVT stock traded down $0.08 during mid-day trading on Friday, reaching $4.38. 3,033,221 shares of the stock traded hands, compared to its average volume of 5,369,612. Clarivate PLC has a 52-week low of $3.04 and a 52-week high of $7.15. The stock's fifty day moving average is $4.27 and its 200-day moving average is $4.41. The company has a market cap of $2.99 billion, a P/E ratio of -4.51 and a beta of 1.47. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90.

Clarivate (NYSE:CLVT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $574.03 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm's quarterly revenue was down 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Clarivate PLC will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Truist Financial Corp grew its position in Clarivate by 27.3% during the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company's stock valued at $71,000 after purchasing an additional 3,000 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Clarivate by 11,132.2% during the 4th quarter. IFP Advisors Inc now owns 20,555 shares of the company's stock valued at $106,000 after buying an additional 20,372 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Clarivate by 15.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,340,416 shares of the company's stock valued at $11,889,000 after acquiring an additional 309,239 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Clarivate in the fourth quarter worth $221,000. Finally, Arizona State Retirement System raised its holdings in shares of Clarivate by 9.2% during the fourth quarter. Arizona State Retirement System now owns 94,570 shares of the company's stock worth $480,000 after acquiring an additional 7,983 shares in the last quarter. Hedge funds and other 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.