James H. Roth, a director at Huron Consulting Group Inc. (NASDAQ:HURN), has recently sold a total of 2,000 shares of the company's common stock. The transactions, which took place on November 6, 2024, were executed under a pre-established Rule 10b5-1 trading plan.
The sales were conducted in multiple transactions, with prices ranging from $125.00 to $130.27 per share, resulting in a total transaction value of approximately $256,846. Following these transactions, Roth holds 54,825 shares directly.
These sales were part of an automatic trading plan that Roth had adopted earlier this year, on May 18, 2024. The plan allows insiders to set up a predetermined schedule for selling stocks, helping to avoid potential conflicts of interest.
In other recent news, Huron Consulting Group has reported a steady growth in its Q3 earnings. The global professional services firm experienced a 3% increase in revenue compared to the same period in 2023 and a 21% rise in adjusted earnings per share (EPS) year-over-year. Despite project work delays shifting revenue from Q3 to Q4, the firm remains optimistic about its growth trajectory, particularly in its Commercial and Healthcare segments. The full-year revenue before reimbursable expenses (RBR) guidance has been narrowed to $1.47 billion to $1.49 billion and the adjusted diluted EPS forecast has been raised to $6.00 to $6.20. These are the recent developments that highlight the company's financial performance and future expectations.
InvestingPro Insights
As James H. Roth, a director at Huron Consulting Group Inc. (NASDAQ:HURN), executes his pre-established trading plan, it's worth noting that the company's stock has been performing exceptionally well. According to InvestingPro data, Huron has seen a significant 46.58% price return over the past six months, with a 20.4% return in just the last month. This strong performance has brought the stock price to 97.41% of its 52-week high, indicating robust investor confidence.
InvestingPro Tips highlight that management has been aggressively buying back shares, which often signals a belief in the company's value and future prospects. Additionally, three analysts have revised their earnings upwards for the upcoming period, suggesting positive expectations for Huron's financial performance.
However, investors should be aware that the stock's RSI suggests it may be in overbought territory, and it's trading at a high P/E ratio relative to near-term earnings growth. The current P/E ratio stands at 26.84, with an adjusted P/E of 20.4 for the last twelve months as of Q3 2024.
For those interested in a deeper analysis, InvestingPro offers 13 additional tips for Huron Consulting Group, providing a more comprehensive view of the company's financial health and market position.
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