Dun & Bradstreet (NYSE:DNB) Chairman Sells $22,725,000.00 in Stock

Key Points

• Dun & Bradstreet Chairman William P. Foley II sold 2.5 million shares of the company's stock for approximately $22.7 million, reducing his ownership by 44.57%.
• The stock price of Dun & Bradstreet reached $9.10, with a market cap of $4.06 billion and a 1-year trading range between $7.78 and $12.94.
• Research analysts have given the stock a consensus rating of "Hold" and a target price of $11.63, with several firms recently lowering their ratings on the stock.

Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Get Free Report) Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $9.09, for a total transaction of $22,725,000.00. Following the completion of the sale, the chairman directly owned 3,109,644 shares of the company's stock, valued at $28,266,663.96. This trade represents a 44.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dun & Bradstreet Stock Down 0.1%

Shares of Dun & Bradstreet stock traded down $0.0050 during trading on Friday, hitting $9.1050. The company's stock had a trading volume of 875,983 shares, compared to its average volume of 8,247,814. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $4.06 billion, a PE ratio of -101.17 and a beta of 1.12. The company has a fifty day simple moving average of $9.10 and a two-hundred day simple moving average of $9.13.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen started coverage on Dun & Bradstreet in a research note on Wednesday, May 21st. They issued a "hold" rating for the company. Raymond James Financial downgraded Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.63.

Institutional Investors Weigh In On Dun & Bradstreet

Hedge funds have recently bought and sold shares of the business. World Investment Advisors boosted its stake in Dun & Bradstreet by 7.5% in the 1st quarter. World Investment Advisors now owns 16,009 shares of the business services provider's stock worth $143,000 after purchasing an additional 1,118 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Dun & Bradstreet by 5.5% during the 4th quarter. Cetera Investment Advisers now owns 23,843 shares of the business services provider's stock valued at $297,000 after purchasing an additional 1,240 shares in the last quarter. CW Advisors LLC increased its holdings in shares of Dun & Bradstreet by 5.0% during the 1st quarter. CW Advisors LLC now owns 29,406 shares of the business services provider's stock valued at $263,000 after purchasing an additional 1,406 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Dun & Bradstreet by 2.3% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 70,046 shares of the business services provider's stock valued at $626,000 after purchasing an additional 1,573 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dun & Bradstreet by 32.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,613 shares of the business services provider's stock valued at $60,000 after purchasing an additional 1,630 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company's stock.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.