DoubleVerify executive sells $29.7k in company stock

NEW YORK – Julie Eddleman, Global Chief Communications Officer at DoubleVerify Holdings , Inc. (NYSE:DV), has recently sold a portion of her company stock, according to the latest SEC filings. The transaction involved the sale of 900 shares at a price of $33.05 each, totaling approximately $29,744.

The sale was conducted under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which Eddleman had adopted on August 17, 2023. Such plans allow company insiders to sell a predetermined number of shares at a predetermined time, providing a legal defense against potential accusations of trading on nonpublic, material information.

Following the sale, Eddleman still holds a significant number of shares in DoubleVerify, with her ownership standing at 140,702 shares after the transaction. DoubleVerify, headquartered in New York, specializes in computer programming, data processing, and other related services, under the SIC code 7370.

Investors often keep a close eye on insider transactions as they can provide insights into an executive’s confidence in the company's future performance. However, it should be noted that sales under Rule 10b5-1 plans are pre-planned trades and may not necessarily reflect the executive's current perspective on the company.

DoubleVerify has not commented on the transaction, and it remains part of the routine disclosures that corporate executives are required to make regarding their stock transactions in the company.

As DoubleVerify Holdings, Inc. (NYSE:DV) navigates through the market, recent data from InvestingPro provides a clearer picture of the company's financial health and market performance. With a gross profit margin of 81.38% for the last twelve months as of Q4 2023, DoubleVerify demonstrates a strong ability to control costs and generate earnings from its revenues, an impressive feat that reflects positively on the company's operational efficiency.

Despite the insider sale, DoubleVerify's market capitalization remains robust at $5.68B, indicating a significant market valuation. Furthermore, the company's shares are trading at a high earnings multiple, with a P/E ratio of 78.12, and an adjusted P/E ratio for the last twelve months as of Q4 2023 at 79.81. This suggests that investors are willing to pay a premium for DoubleVerify's earnings, possibly due to expectations of future growth or the company's market position.

InvestingPro Tips also highlight that DoubleVerify operates with a moderate level of debt and that its liquid assets exceed short-term obligations, providing the company with financial stability and the ability to cover its immediate liabilities. However, it's worth noting that 7 analysts have revised their earnings downwards for the upcoming period, which could be a point of consideration for investors.

Get The App

Join the millions of people who stay on top of global financial markets with Investing.com.

Download Now

For those seeking deeper insights and additional InvestingPro Tips, there are 9 more tips available on the DoubleVerify page at InvestingPro . Take advantage of an exclusive offer with the promo code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and stay ahead with comprehensive analytics and expert financial assessments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.