Clarivate Plc (NYSE: CLVT) is 9.25% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CLVT stock was last observed hovering at around $5.66 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $5.55, the stock is 6.35% and 5.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.94 million and changing -1.94% at the moment leaves the stock -8.09% off its SMA200. CLVT registered -37.15% loss for a year compared to 6-month loss of -21.05%. The firm has a 50-day simple moving average (SMA 50) of $5.2248 and a 200-day simple moving average (SMA200) of $6.04855.
The stock witnessed a 11.22% gain in the last 1 month and extending the period to 3 months gives it a -14.22%, and is 3.54% up 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 3.46% over the week and 3.45% over the month.
Clarivate Plc (CLVT) has around 12000 employees, a market worth around $3.94B and $2.58B in sales. Fwd P/E is 7.58. Profit margin for the company is -51.96%. Distance from 52-week low is 30.59% and -42.22% 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 -11.00% this year.
Clarivate Plc (CLVT) Top Institutional Holders
The shares outstanding are 710.30M, and float is at 413.64M with Short Float at 10.71%.
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).
