DoubleVerify Holdings , Inc. (NYSE:DV) Chief Financial Officer Nicola T. Allais engaged in significant trading activity involving the company's stock on March 19, 2024, as per the latest SEC filings. The transactions included both the acquisition and disposal of shares in the digital media measurement company.
Allais sold a total of 5,292 shares of DoubleVerify common stock, realizing an average price of $33.5536 per share. This sale resulted in a total transaction value of over $177,565. The sales were conducted in multiple transactions with prices ranging from $33.475 to $33.735. Following these transactions, Allais's direct holdings in the company decreased to 73,030 shares.
On the same day, Allais also acquired 5,292 shares of common stock at a price of $2.01 per share, amounting to a total of $10,636. This transaction was not a market purchase but related to the exercise of options as part of the company's compensation arrangements.
The SEC filing noted that the sales were made under a pre-arranged Rule 10b5-1 trading plan, which had been adopted by Allais on November 14, 2023. Such plans allow insiders to sell shares over a predetermined period, at set prices or at prevailing market prices, to avoid concerns about transactions based on non-public information.
In addition to the non-derivative securities transactions, the filing also disclosed derivative securities transactions involving options. These options had been granted to Allais and were fully vested following a schedule that began on January 4, 2018, with full vesting completed by November 6, 2021.
The reported transactions provide investors with insights into the trading behavior of DoubleVerify's executives and may be of interest to current and potential shareholders monitoring insider activity within the company.
InvestingPro Insights
Amidst the recent trading activity by DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais, it's crucial for investors to consider the company's financial health and market performance. DoubleVerify boasts a remarkable gross profit margin of 81.38% for the last twelve months as of Q4 2023, highlighting the company's efficiency in maintaining profitability despite costs. This strong margin aligns with one of the InvestingPro Tips, emphasizing the company's impressive gross profit margins.
However, it's worth noting that DoubleVerify is currently trading at a high earnings multiple, with a P/E ratio of 79.37 and an adjusted P/E ratio of 80.7 for the last twelve months as of Q4 2023. This suggests that the stock may be priced optimistically relative to its earnings. Additionally, the stock has experienced a downturn over the last month, with a 19.49% decline in price total return, which might be a point of concern for some investors.
For those interested in further analysis, there are additional InvestingPro Tips available that delve into other aspects of DoubleVerify's financials, such as earnings revisions by analysts and the company's valuation multiples. These tips can provide deeper insights into the company's performance and future prospects. Readers can unlock more tips and gain a comprehensive understanding of DoubleVerify by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
Investors monitoring the insider trading activities and considering DoubleVerify's stock for their portfolio should weigh these financial metrics and InvestingPro Tips to make informed decisions. With 7 analysts having revised their earnings downwards for the upcoming period, it is crucial to stay updated on the company's latest developments and financial health.
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