Getty Images (NYSE:GETY) SVP Peter Orlowsky Sells 22,081 Shares

Key Points

• Peter Orlowsky sold 22,081 shares on March 25 at an average price of $0.78 for about $17,223, cutting his stake by 8.03% to 252,890 shares (worth ≈$197,254).
• Multiple senior executives have recently sold stock, including the CEO, CFO and several SVPs, a clustered pattern that could negatively affect market sentiment.
• Getty Images is underperforming financially — the stock trades near its 1‑year low, the company reported negative EPS and margins, and analysts' consensus rating is "Reduce" with an average price target of $3.78.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) SVP Peter Orlowsky sold 22,081 shares of the business's stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $17,223.18. Following the completion of the transaction, the senior vice president directly owned 252,890 shares of the company's stock, valued at approximately $197,254.20. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Getty Images Price Performance

Shares of GETY stock opened at $0.75 on Friday. Getty Images Holdings, Inc. has a 1-year low of $0.67 and a 1-year high of $3.21. The stock's 50-day moving average is $0.96 and its 200 day moving average is $1.45. The company has a market cap of $312.07 million, a P/E ratio of -1.49 and a beta of 2.13. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.77 and a quick ratio of 0.77.

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

Analyst Upgrades and Downgrades

GETY has been the subject of a number of analyst reports. Zacks Research cut shares of Getty Images from a "hold" rating to a "strong sell" rating in a research report on Friday, March 20th. Citigroup cut their price target on shares of Getty Images from $1.85 to $0.85 and set a "neutral" rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Getty Images in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $3.78.

Hedge Funds Weigh In On Getty Images

Hedge funds have recently modified their holdings of the stock. Alpine Global Management LLC purchased a new position in shares of Getty Images in the 4th quarter valued at approximately $98,000. Ionic Capital Management LLC purchased a new stake in Getty Images during the 4th quarter worth approximately $248,000. Koch Inc. increased its stake in Getty Images by 42.8% during the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company's stock valued at $154,447,000 after purchasing an additional 34,525,639 shares in the last quarter. Founders Financial Securities LLC acquired a new position in Getty Images during the 4th quarter valued at approximately $35,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Getty Images in the fourth quarter worth $335,000. Institutional investors and hedge funds own 45.75% of the company's stock.

Getty Images News Summary

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

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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