Clarivate Plc (NYSE: CLVT) is -0.98% lower on its value in year-to-date trading and has touched a low of $4.25 and a high of $9.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLVT stock was last observed hovering at around $5.11 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $5.03, the stock is -1.45% and -4.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.17 million and changing -1.57% at the moment leaves the stock -18.00% off its SMA200. CLVT registered -43.92% loss for a year compared to 6-month loss of -13.13%. The firm has a 50-day simple moving average (SMA 50) of $5.2982 and a 200-day simple moving average (SMA200) of $6.146.
The stock witnessed a -6.51% gain in the last 1 month and extending the period to 3 months gives it a -25.70%, and is -1.57% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.50% over the week and 3.93% over the month.
Clarivate Plc (CLVT) has around 12000 employees, a market worth around $3.57B and $2.58B in sales. Fwd P/E is 6.75. Profit margin for the company is -51.96%. Distance from 52-week low is 18.35% and -47.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.12%).
The EPS is expected to shrink by -10.66% this year.
Clarivate Plc (CLVT) Top Institutional Holders
The shares outstanding are 710.30M, and float is at 413.64M with Short Float at 10.44%.
The top institutional shareholder in the company is LEONARD GREEN & PARTNERS, L.P. with over 116.67 million shares valued at $663.83 million. The investor’s holdings represent 17.4939% of the CLVT Shares outstanding. As of 2024-06-30, the second largest holder is EXOR N.V. with 67.29 million shares valued at $382.91 million to account for 10.0907 of the shares outstanding. The other top investors are CLARKSTON CAPITAL PARTNERS, LLC which holds 66.82 million shares representing 10.0197% and valued at over $380.22 million, while IMPACTIVE CAPITAL LP holds 6.2996 of the shares totaling 42.01 million with a market value of $239.05 million.
Clarivate Plc (CLVT) Insider Activity
The most recent transaction is an insider purchase by Angelakis Michael J, the company’s Director. SEC filings show that Angelakis Michael J bought 1,500,000 shares of the company’s common stock on Nov 20 ’24 at a price of $5.11 per share for a total of $7.67 million. Following the purchase, the insider now owns 1.5 million shares.
Clarivate Plc disclosed in a document filed with the SEC on Nov 21 ’24 that Angelakis Michael J (Director) bought a total of 1,200,000 shares of the company’s common stock. The trade occurred on Nov 21 ’24 and was made at $5.19 per share for $6.23 million. Following the transaction, the insider now directly holds 2.7 million shares of the CLVT stock.
Still, SEC filings show that on Nov 22 ’24, Angelakis Michael J (Director) acquired 765,000 shares at an average price of $5.19 for $3.97 million. The insider now directly holds 3,465,000 shares of Clarivate Plc (CLVT).
