Insider Selling: Dun & Bradstreet (NYSE:DNB) Chairman Sells 2,500,000 Shares of 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 stock in a transaction that occurred on Thursday, August 14th. The stock was 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 represents a 44.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dun & Bradstreet Price Performance

DNB traded down $0.0050 during trading on Friday, reaching $9.1050. 2,315,576 shares of the company traded hands, compared to its average volume of 2,962,005. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.94. The firm has a fifty day simple moving average of $9.10 and a 200 day simple moving average of $9.09. The company has a market cap of $4.06 billion, a P/E ratio of -101.17 and a beta of 1.12.

Wall Street Analyst Weigh In

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

Institutional Trading of Dun & Bradstreet

A number of institutional investors have recently bought and sold shares of the stock. Pitcairn Co. bought a new stake in Dun & Bradstreet in the second quarter worth $135,000. Hudson Bay Capital Management LP bought a new stake in Dun & Bradstreet in the second quarter worth $9,088,000. FORA Capital LLC bought a new stake in Dun & Bradstreet in the second quarter worth $115,000. Tower Research Capital LLC TRC lifted its position in Dun & Bradstreet by 1,631.2% in the second quarter. Tower Research Capital LLC TRC now owns 25,172 shares of the business services provider's stock worth $229,000 after buying an additional 23,718 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Dun & Bradstreet in the second quarter worth $11,135,000. 86.68% of the stock is currently owned by institutional investors.

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.