Clarivate Plc (CLVT) Stock: Should Investors Follow These Insider Trades?

Clarivate Plc (NYSE:CLVT) saw an upside of 0.24% to $20.71 after adding $0.05 on Tuesday. The 5-day average trading volume is 2,468,321 shares of the company’s common stock. It has gained $22.26 in the past week. An average of 3,722,025 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,007,664.

CLVT’s 1-month performance is -13.01% or -$3.05 on its low of $20.32 reached on 10/12/21. The company’s shares have touched a 52-week low of $20.65 and high of $34.79, with the stock’s rally to the 52-week high happening on 06/07/21. YTD, CLVT has lost -30.46% or -$9.00. However, the current price is down -40.47%% from the 52-week high price.

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Insider Transactions

On Jun 14, 120 days have gone by since the last insider trading activity for Clarivate Plc (CLVT). Hanks Richard (Chief Financial Officer) most recently sold 124,297 shares at $26.00 per share on Jun 14. This transaction cost the insider $3,231,722. 10% Owner, ONEX CORP, sold 10,562,882 shares at a price of $25.22 on Jun 14. Then, on Jun 14, 10% Owner Onex US Principals LP sold 10,562,882 shares at a price of $25.22 per share. This transaction amounted to $266,395,884.

Valuation Metrics

Clarivate Plc (CLVT) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.88 for the sector.CLVT stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.45 while the price-to-book (PB) in the most recent quarter is 1.26, with the price to cash flow ratio at 45.41.

Clarivate Plc’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.60 meaning that CLVT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.34, while the total debt to equity was 0.54. In terms of profitability, the gross margin trailing 12 months is 67.20%. The trailing 12-month EBITDA margin is 24.02% while for the period ending June 29; Clarivate Plc’s operating margin was -7.70%. The firm’s gross profit as reported stood at $824.75 million against revenue of $1.25 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CLVT to announce $0.17 per share in earnings in its latest quarter, but it posted $0.17, representing a 0.00% surprise. EBITDA for the quarter stood at more than $118.42 million. CLVT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.66 billion, with total debt at $5.57 billion. Shareholders hold equity totaling $641.46 million

Technical Picture

Let’s look briefly at Clarivate Plc (CLVT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 24.55% to suggest the stock is trending oversold, with historical volatility in this time period at 24.78%.

The stock’s 5-day moving average is $21.32, reflecting a -4.59% or -$1.00 change from its current price. CLVT is currently trading -12.53% above its 20-day SMA, -28.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.23% and -31.19% respectively.

Stochastic %K and %D was 6.63% and 14.40% and the average true range (ATR) pointed at 0.63. The RSI (14) points at 29.06%, while the 14-day stochastic is at 10.43% with the period’s ATR at 0.66. The stock’s 9-day MACD Oscillator is pointing at -0.58 and -1.01 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Clarivate Plc (NYSE: CLVT), BofA Securities launched coverage with a Buy rating. Analysts offering their rating for CLVT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CLVT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.

What is CLVT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $28.00 and a high of $35.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for Clarivate Plc (CLVT) stock is $31.17.


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