Getty Images (NYSE:GETY) SVP Cho Mikael Sells 18,571 Shares

Key Points

• SVP Cho Mikael sold 18,571 shares on March 25 at an average price of $0.78 (≈$14,485) and has reported total recent sales of 26,476 shares, reducing his stake by about 18.44%.
• Multiple senior executives — notably CEO Craig Warren Peters (167,403 shares) and several C‑suite members — have also sold substantial holdings, a cluster of insider sales that coincides with Getty Images shares falling ~3.9%, an EPS miss (‑$0.22 vs. $0.03 estimate) despite a revenue beat, and downgrades/price‑target cuts from analysts.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) SVP Cho Mikael sold 18,571 shares of the business's stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $14,485.38. Following the sale, the senior vice president owned 82,134 shares in the company, valued at approximately $64,064.52. This trade represents a 18.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Cho Mikael also recently made the following trade(s):

• On Wednesday, March 25th, Cho Mikael sold 7,905 shares of Getty Images stock. The shares were sold at an average price of $0.78, for a total value of $6,165.90.

Getty Images Stock Down 3.9%

NYSE:GETY opened at $0.75 on Friday. Getty Images Holdings, Inc. has a one year low of $0.67 and a one year high of $3.21. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $312.07 million, a PE ratio of -1.49 and a beta of 2.13. The firm's 50 day simple moving average is $0.96 and its 200 day simple moving average is $1.45.

Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings results on Monday, March 16th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.25). The business had revenue of $282.29 million during the quarter, compared to analyst estimates of $246.17 million. Getty Images had a negative net margin of 21.00% and a negative return on equity of 25.05%. On average, research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

More Getty Images News

Here are the key news stories impacting Getty Images this week:

• Neutral Sentiment: Insider sales can reflect personal liquidity needs, option exercises or diversification rather than loss of confidence; however, clustered sales by many senior executives are typically viewed negatively by the market.
• Negative Sentiment: CEO Craig Warren Peters sold 167,403 shares (~11.49% reduction), receiving $130,574.34. This is the largest single insider sale reported and is likely the most impactful on sentiment. CEO Sale Filing
• Negative Sentiment: Grant Farhall sold 42,022 shares (12.73% reduction), proceeds ~$32,777. Grant Farhall Filing
• Negative Sentiment: CMO Gene Foca sold 31,576 shares (5.86% reduction), proceeds ~$24,629. Gene Foca Filing
• Negative Sentiment: CFO Jennifer Leyden sold 31,576 shares (9.06% reduction), proceeds ~$24,629. Jennifer Leyden Filing
• Negative Sentiment: SVP Kenneth Arrigo Mainardis sold 29,565 shares (11.96% reduction), proceeds ~$23,060. Kenneth Arrigo Filing
• Negative Sentiment: SVP Peter Orlowsky sold 22,081 shares (8.03% reduction), proceeds ~$17,223. Peter Orlowsky Filing
• Negative Sentiment: CTO Nathaniel Gandert sold 21,349 shares (3.49% reduction), proceeds ~$16,652. Nathaniel Gandert Filing
• Negative Sentiment: VP Daine Marc Weston sold 12,928 shares (8.34% reduction), proceeds ~$10,084. Daine Marc Weston Filing
• Negative Sentiment: Cho Mikael (SVP) reported two sales totaling 26,476 shares (combined ~18.44% & 5.30 reductions), proceeds combined ~$20,650. Cho Mikael Filing
• Negative Sentiment: Insider Michael Teaster sold 6,587 shares (2.47% reduction), proceeds ~$5,138. Michael Teaster Filing

Institutional Investors Weigh In On Getty Images

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Getty Images during the third quarter worth $25,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Getty Images by 47.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company's stock valued at $33,000 after buying an additional 5,089 shares during the period. Cerity Partners LLC acquired a new position in Getty Images in the second quarter valued at $32,000. Savant Capital LLC bought a new stake in Getty Images during the third quarter valued at $40,000. Finally, BNP Paribas Financial Markets grew its holdings in Getty Images by 103.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,794 shares of the company's stock worth $43,000 after acquiring an additional 11,066 shares during the period. 45.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GETY shares. Zacks Research lowered Getty Images from a "hold" rating to a "strong sell" rating in a research report on Friday, March 20th. Weiss Ratings reiterated a "sell (d)" rating on shares of Getty Images in a research report on Thursday, January 22nd. Finally, Citigroup decreased their price target on Getty Images from $1.85 to $0.85 and set a "neutral" rating for the company in a research note on Monday, February 23rd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $3.78.

About Getty Images

Getty Images NYSE: GETY is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.

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