KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 Stock (NYSE: KKRS)

KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 (NYSE:KKRS) Stock, Quote.Headers.trade-ideas

KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061

<a href="https://www.semafor.com/article/09/12/2024/ex-crowdstrike-employees-detail-rising-technical-errors-before-july-outage">https://www.semafor.com/article/09/12/2024/ex-crowdstrike-employees-detail-rising-technical-errors-before-july-outage</a>
<img src="https://static.semafor.com/_next/static/media/thenews@2x.f322bda2.png" alt="Title icon" />
<h3>The Scoop</h3>
Software engineers at the cybersecurity firm CrowdStrike complained about rushed deadlines, excessive workloads, and increasing technical problems to higher-ups for more than a year before a catastrophic failure of its software paralyzed airlines and knocked banking and other services offline for hours.
"Speed was the most important thing," said Jeff Gardner, a senior user experience designer at CrowdStrike who said he was laid off in January 2023 after two years at the company. "Quality control was not really part of our process or our conversation."
The issues were raised during meetings, in emails, and in exit interviews, ex-employees told Semafor. Almost two dozen former software engineers, managers and other staff described a workplace where executives prioritized speed over quality, workers weren't always sufficiently trained, and mistakes around coding and other tasks were rising. One former senior manager said they sat in multiple meetings where staff warned company leaders that CrowdStrike would "fail" its customers by releasing products that couldn't be supported.
Of the 24 former employees who spoke to Semafor, 10 said they were laid off or fired and 14 said they left on their own. One was at the company as recently as this summer. Three former employees disagreed with the accounts of the others. Joey Victorino, who spent a year at the company before leaving in 2023, said CrowdStrike was "meticulous about everything it was doing."
CrowdStrike disputed much of Semafor's reporting and said the information came from "disgruntled former employees, some of whom were terminated for clear violations of company policy." The company told Semafor: "CrowdStrike is committed to ensuring the resiliency of our products through rigorous testing and quality control, and categorically rejects any claim to the contrary."
Founded in 2011, CrowdStrike quickly rose as an industry leader in cybersecurity with the 2013 launch of its Falcon antivirus package. It went public in 2019, kicking off a massive growth spurt, adding thousands of workers and increasing revenue by more than a thousand percent by the end of fiscal year 2024.

News

CRWD

"Inside CrowdStrike: 'Quality Control Was Not Part Of Our Process'" - Semafor

TD Cowen analyst Andrew Charles reiterates First Watch Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>) with a Hold and maintains $18 price target.

Price Target

Reiteration

Analyst Ratings

FWRG

TD Cowen Reiterates Hold on First Watch Restaurant Gr, Maintains $18 Price Target

AAPL

TMUS

Apple Announces iPhone 16 Lineup Available For Upgrade Starting September 13, With Carrier Promotions Offering Savings Up To $1,000

<a href="https://www.ft.com/content/5f086aee-91b9-421a-9f32-c33e67b1af7f" title="https://www.ft.com/content/5f086aee-91b9-421a-9f32-c33e67b1af7f">https://www.ft.com/content/5f086aee-91b9-421a-9f32-c33e67b1af7f</a>

Management

Nokia OYJ Says Board Fully Supports President And CEO Pekka Lundmark And Is Not Undergoing A Process To Replace Him In Response To Financial Times Article "Nokia seeks to replace CEO in bid to revive falling sales"

Owens &amp; Minor, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omi#NYSE">OMI</a>) has announced a partnership with Google Cloud, owned by the parent holding company, Alphabet&nbsp;to enhance the existing capabilities of its cloud-based clinical inventory management system, QSight. The collaboration will combine the company&#39;s expertise in optimizing the healthcare supply chain with Google Cloud&#39;s Vertex AI platform, to tackle the modern supply chain management complexities and support the patients more effectively.
The latest development demonstrates the progress Owens &amp; Minor has been making toward its strategic goals for the Products &amp; Healthcare Services segment.
Following the news, shares of OMI edged up 0.2% to $14.42 at Tuesday&#39;s close. By staying at the forefront of technology, including making investments with one of the most renowned innovators in the market, the company consistently delivers value to its customers and improves clinician efficiency. We expect the market sentiment on OMI stock to stay positive around this development.
<h2>Significance of OMI&#39;s New Partnership</h2>
The implications of inefficient inventory management in healthcare can extend beyond the stockroom and into the operating room. This includes the risks of expired products being used in patient care and loss of inventory if products expire before. There is also an increasing pressure to deliver high-quality care while managing costs and optimizing efficiency &mdash; with less support from clinical staff.
However, traditional clinical inventory management systems often lack the real-time visibility and predictive capabilities to oversee the complex healthcare supply chains, leading to increasing costs and higher workloads for clinical staff.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/dd/77474.jpg?v=1748561454" />
Image Source: Zacks Investment Research
The partnership between Owens &amp; Minor and Google Cloud aims to focus on enhancing QSight&#39;s ability to help hospitals and health systems optimize how they manage the thousands of medical-grade supplies, high-value surgical implants and human tissue products required for patient care. The company will also lay the foundation for future platform and service innovations with the potential to improve the QSight customer experience.
<h2>Favorable Industry Prospects for Owens &amp; Minor</h2>
A report by Research and Markets&nbsp;valued the healthcare inventory management software market at $331.5 million in 2021 and forecasts it to see a compound annual rate of 8.9% through 2028.
The rising complexity of the healthcare supply chain, such as worldwide sourcing, diversified product portfolios, regulatory constraints, and the demand for real-time monitoring, have increased the need for sophisticated inventory management systems. Healthcare organizations are implementing advanced inventory management solutions that provide greater visibility, automation and analytics.
<h2>Other Major Developments Within OMI</h2>
In July 2024, Owens &amp; Minor announced a definitive agreement to acquire Rotech Healthcare Holdings, Inc., a home medical equipment provider based in the United States, for $1.36 billion in cash. The acquisition directly aligns with the company&#39;s broader strategy to expand into the fast-growing home-based care space. In addition, it also bolsters its Patient Direct product offerings through expansion across a complementary portfolio including Respiratory, Sleep Apnea, Diabetes and Wound Care.
<h2>OMI Stock Price Performance</h2>
In the past year, Owens &amp; Minor shares have plunged 10.8% against the industry&#39;s 18.4% growth.
<h2>OMI Estimate Trend and EPS Surprise History</h2>
In the past 30 days, estimates for Owens &amp; Minor&#39;s 2024 earnings have remained constant at $1.57 per share. The company beat estimates in each of the trailing four quarters, the average surprise being 11.1%.
<h2>OMI&#39;s Zacks Rank and Top MedTech Stocks</h2>
Owens &amp; Minor currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are Boston Scientific (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bsx#NYSE">BSX</a>) and AxoGen (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>), each carrying a Zacks Rank #2 (Buy) at present.
Boston Scientific&#39;s shares have risen 55.9% in the past year. Estimates for the company&#39;s earnings per share have remained constant at $2.40 in 2024 and $2.71 in 2025 in the past 30 days. BSX&#39;s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 7.2%. In the last reported quarter, it posted an earnings surprise of 6.9%.
Estimates for AxoGen&#39;s 2024 loss per share have remained constant at 1 cent in the past 30 days. Shares of the company have surged 141.4% in the past year compared with the industry&#39;s growth of 15.7%. AXGN&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 96.5%. In the last reported quarter, it delivered an earnings surprise of 200%.
<a href="https://www.zacks.com/stock/news/2335232/owens-minor-stock-to-gain-from-new-collaboration-with-google-cloud?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2335232">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Large Cap

Health Care

Small Cap

Markets

Trading Ideas

General

AXGN

Owens & Minor Stock to Gain From New Collaboration With Google Cloud

TD Cowen analyst Andrew Charles reiterates Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and maintains $65 price target.

TD Cowen Reiterates Buy on Chipotle Mexican Grill, Maintains $65 Price Target

As the 2024 U.S. presidential election approaches, digital assets face an uncertain future, with potential shifts in how the next administration may regulate them. Anthony Scaramucci, founder and managing partner of SkyBridge, recently shared his thoughts on how the political environment could shape this space <a href="https://www.benzinga.com/crypto">in the years ahead.</a>
His perspective, delivered in anticipation of his participation in the <a href="https://www.benzinga.com/digital-assets">Benzinga Future of Digital Assets</a> event, offers a glimpse into what the industry might expect as the election draws near.
<h3 class="wp-block-heading">Anticipating Changes After 2024</h3>
Scaramucci pointed out the difficulties digital assets have faced under current U.S. policy. He stated that tightening restrictions further would be hard to imagine. "It would be almost impossible for the environment to become more restrictive than it's been under Elizabeth Warren and the Biden administration," Scaramucci said, stressing that things might soon change.
With the Harris campaign signaling a different stance, Scaramucci believes a shift could occur. "The Harris campaign has signaled publicly and privately it will take a more open-minded approach," he said, adding that he expects a more &#8220;balanced, common sense zone&#8221; on digital assets if she were to assume office.
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/digital-assets"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11185530/905735A6-57D3-4874-9AA1-75D037842DB3-1-3.gif" alt="" class="wp-image-543341" style="width:365px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Trump's Return: Good for Crypto, Bad for Other Risks?</h3>
While Scaramucci acknowledged Trump's past support for cryptocurrency, he offered a measured outlook. "President Trump is a transactional person who has talked up crypto for transactional reasons," Scaramucci said, while noting that the risks of his return to power may outweigh the potential benefits.
"He may be incrementally better for the industry in the short-term, but his return to power would bring too many other exogenous risks that are impossible to overlook."
<h3 class="wp-block-heading">Industry Challenges and Future Discussions</h3>
As Scaramucci prepares for the <a href="https://www.benzinga.com/digital-assets">Benzinga Future of Digital Assets</a> event, his take on how politics could influence the industry will likely resonate with the audience. This event will feature experts and leaders discussing where digital assets may head. Scaramucci's insights on how government actions could impact the industry add depth to the conversation.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40835368/bitcoin-will-hit-125k-if-donald-trump-wins-75k-in-case-of-a-kamala-harris-victory-standard">Bitcoin Will Hit $125K If Donald Trump Wins, $75K In Case Of A Kamala Harris Victory: Standard Chartered</a></li>
</ul>
Photo by World Economic Forum on Flickr

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Events

Exclusives

Interview

EXCLUSIVE: Scaramucci Predicts Harris Will Adopt A 'More Open-Minded Approach' To Crypto If Elected

Over the past 24 hours, Chainlink's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>) price has risen 3.04% to $10.59. This continues its positive trend over the past week where it has experienced a 6.0% gain, moving from $10.04 to its current price. As it stands right now, the coin's all-time high is $52.70. 
The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726153427_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 1.0% over the past week along with the circulating supply of the coin, which has fallen 0.1%. This brings the circulating supply to 608.10 million, which makes up an estimated 60.81% of its max supply of 1.00 billion. According to our data, the current market cap ranking for LINK is #19 at $6.44 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726153427_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

$LINK

Chainlink Up More Than 3% In 24 hours

Zealand Pharma Increases its Share Capital as a Consequence of Exercise of Employee Warrants
Copenhagen, Denmark, September 12, 2024 – Zealand Pharma A/S ("Zealand") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEAL#NASDAQ">ZEAL</a>) (CVR-no. 20 04 50 78), a Copenhagen-based biotechnology company focused on the discovery and development of innovative peptide-based medicines, has increased its share capital by a nominal amount of DKK 10,110 divided into 10,110 new shares with a nominal value of DKK 1 each. The increase is a consequence of the exercise of warrants granted under several of Zealand Pharma's employee warrant programs. The increase is a consequence of the exercise of warrants granted under&nbsp;two of Zealand Pharma's employee warrant programs.

ZEAL

Zealand Pharma Has Increased Its Share Capital By A Nominal Amount Of DKK 10,110 Divided Into 10,110 New Shares With A Nominal Value Of DKK 1 Each; The Increase Is A Consequence Of The Exercise Of Warrants Granted Under Several Of Zealand Pharma's Employee Warrant Programs

TD Cowen analyst Andrew Charles reiterates Yum Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) with a Buy and maintains $156 price target.

TD Cowen Reiterates Buy on Yum Brands, Maintains $156 Price Target

Charles F. Willis IV, Executive Chairman at Willis Lease Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLFC#NASDAQ">WLFC</a>), reported an insider buy on September 11, according to a new SEC filing. 
What Happened: IV's recent purchase of 28,670 shares of Willis Lease Finance, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001018164/000090514824002540//Archives/edgar/data/1018164/000090514824002540/0000905148-24-002540-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, reflects confidence in the company's potential. The total transaction value is $3,000,028.
As of Thursday morning, Willis Lease Finance shares are down by 0.0%, currently priced at $108.75.
<h3>All You Need to Know About Willis Lease Finance</h3>
Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components. The company generates the majority of its revenue from leasing and related operations.
<h3>Key Indicators: Willis Lease Finance's Financial Health</h3>
Revenue Growth: Willis Lease Finance's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 38.65%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 77.98%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Willis Lease Finance's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 6.34.
</li>
</ul>
Debt Management: Willis Lease Finance's debt-to-equity ratio surpasses industry norms, standing at 3.95. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 8.44 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 1.46 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Willis Lease Finance's EV/EBITDA ratio at 8.81 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Understanding the Significance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001018164">Check Out The Full List Of Willis Lease Finance's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

WLFC

Insider Move: Charles F. Willis IV Invests $3.00M In Willis Lease Finance Stock

High-rolling investors have positioned themselves bullish on Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GILD often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 19 options trades for Gilead Sciences. This is not a typical pattern.
The sentiment among these major traders is split, with 84% bullish and 15% bearish. Among all the options we identified, there was one put, amounting to $93,009, and 18 calls, totaling $1,310,925.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $85.0 for Gilead Sciences during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Gilead Sciences stands at 2517.0, with a total volume reaching 18,469.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Gilead Sciences, situated within the strike price corridor from $75.0 to $85.0, throughout the last 30 days.
<h3>Gilead Sciences 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726153366_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GILD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$13.25</td>
<td>$12.95</td>
<td>$13.0</td>
<td>$75.00</td>
<td>$635.7K</td>
<td>1.2K</td>
<td>490</td>
</tr>
<tr>
<td>GILD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.45</td>
<td>$8.3</td>
<td>$8.45</td>
<td>$75.00</td>
<td>$190.9K</td>
<td>1.5K</td>
<td>239</td>
</tr>
<tr>
<td>GILD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.29</td>
<td>$1.25</td>
<td>$1.29</td>
<td>$80.00</td>
<td>$93.0K</td>
<td>2.8K</td>
<td>824</td>
</tr>
<tr>
<td>GILD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.8</td>
<td>$2.71</td>
<td>$2.8</td>
<td>$80.00</td>
<td>$55.8K</td>
<td>10.5K</td>
<td>2.2K</td>
</tr>
<tr>
<td>GILD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.39</td>
<td>$1.15</td>
<td>$1.15</td>
<td>$83.00</td>
<td>$45.9K</td>
<td>142</td>
<td>927</td>
</tr>
</tbody>
</table>

<h3>About Gilead Sciences</h3>
Gilead Sciences develops and markets therapies to treat life-threatening infectious diseases, with the core of its portfolio focused on HIV and hepatitis B and C. Gilead's acquisition of Pharmasset brought rights to hepatitis C drug Sovaldi, which is also part of newer combination regimens that remain standards of care. Gilead is also growing its presence in the oncology market via acquisitions, led by CAR-T cell therapy Yescarta/Tecartus (from Kite) and breast and bladder cancer therapy Trodelvy (from Immunomedics).
After a thorough review of the options trading surrounding Gilead Sciences, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Gilead Sciences</h3>
<ul>
<li>With a trading volume of 4,190,255, the price of GILD is up by 2.2%, reaching $82.72.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 54 days from now.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Gilead Sciences, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

GILD

What the Options Market Tells Us About Gilead Sciences

Leslie Gallardo Swanson, EVP at Tanger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKT#NYSE">SKT</a>), disclosed an insider sell on September 11, according to a recent SEC filing.
What Happened: Swanson opted to sell 17,900 shares of Tanger, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000899715/000089971524000126//Archives/edgar/data/899715/000089971524000126/0000899715-24-000126-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The transaction's total worth stands at $550,246.
Tanger's shares are actively trading at $30.91, experiencing a down of 0.0% during Thursday's morning session.
<h3>Delving into Tanger's Background</h3>
Tanger Inc is a leading owner and operator of outlet and open-air retail shopping destinations. Tanger's portfolio of 38 outlet centers and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in U.S. states and Canada.
<h3>Key Indicators: Tanger's Financial Health</h3>
Revenue Growth: Tanger's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 16.55%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 70.88%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Tanger's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.23.
</li>
</ul>
Debt Management: Tanger's debt-to-equity ratio stands notably higher than the industry average, reaching 2.79. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 34.34 is lower than the industry average, implying a discounted valuation for Tanger's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 6.76 is lower than the industry average, implying a discounted valuation for Tanger's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 17.41, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Transaction Codes To Focus On</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000899715">Check Out The Full List Of Tanger's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Tanger Recent Insider Activity

Deep-pocketed investors have adopted a bearish approach towards Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RDDT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Reddit. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $60,082, and 6 are calls, amounting to $404,200.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $105.0 for Reddit, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Reddit stands at 522.5, with a total volume reaching 922.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Reddit, situated within the strike price corridor from $40.0 to $105.0, throughout the last 30 days.
<h3>Reddit 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726153361_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.25</td>
<td>$7.5</td>
<td>$7.8</td>
<td>$65.00</td>
<td>$195.0K</td>
<td>1.4K</td>
<td style="text-align: right;">251</td>
</tr>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$21.0</td>
<td>$19.55</td>
<td>$21.0</td>
<td>$40.00</td>
<td>$84.0K</td>
<td>155</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$21.0</td>
<td>$20.15</td>
<td>$21.0</td>
<td>$40.00</td>
<td>$42.0K</td>
<td>58</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>RDDT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$45.6</td>
<td>$42.75</td>
<td>$44.15</td>
<td>$105.00</td>
<td>$30.9K</td>
<td>9</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.0</td>
<td>$2.87</td>
<td>$3.0</td>
<td>$65.00</td>
<td>$30.0K</td>
<td>1.2K</td>
<td style="text-align: right;">9</td>
</tr>
</tbody>
</table>

<h3>About Reddit</h3>
Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
Following our analysis of the options activities associated with Reddit, we pivot to a closer look at the company's own performance.
<h3>Current Position of Reddit</h3>
<ul>
<li>Currently trading with a volume of 1,536,703, the RDDT's price is up by 0.9%, now at $60.41. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 74 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Reddit, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

RDDT

Smart Money Is Betting Big In RDDT Options

Over the past 24 hours, Wrapped Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WBTC</a>) price has risen 3.5% to $57,716.00. This continues its positive trend over the past week where it has experienced a 3.0% gain, moving from $56,402.62 to its current price. As it stands right now, the coin's all-time high is $73,505.00. 
The chart below compares the price movement and volatility for Wrapped Bitcoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726153357_0.png" alt="price_chart" />
The trading volume for the coin has climbed 31.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.24%. This brings the circulating supply to 152 thousand, which makes up an estimated 100.0% of its max supply of 152 thousand. According to our data, the current market cap ranking for WBTC is #15 at $8.83 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726153357_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$WBTC

Wrapped Bitcoin Rises More Than 3% In 24 hours

Revealing a significant insider sell on September 11, Hillary Ashton, Chief Product Officer at Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>), as per the latest SEC filing.
What Happened: Ashton's recent move involves selling 14,962 shares of Teradata. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000816761/000081676124000155//Archives/edgar/data/816761/000081676124000155/0000816761-24-000155-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value is $411,903.
Monitoring the market, Teradata's shares down by 0.0% at $27.67 during Thursday's morning.
<h3>Delving into Teradata's Background</h3>
Teradata Corp provides analytic data products and related services. The Company operates in data and analytics, which captures, integrates, stores, manages, and analyzes data of all types to answer business questions and deliver insight; and marketing applications, which offer marketing management products to help businesses win customer loyalty. Its solutions include components such as data warehousing, Asset optimization, Fraud prevention, Product innovation, and risk mitigation. A majority of the firm's revenue is generated in the United States.
<h3>Teradata: Delving into Financials</h3>
Negative Revenue Trend: Examining Teradata's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -5.63% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 60.78%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Teradata's EPS reflects a decline, falling below the industry average with a current EPS of 0.38.
</li>
</ul>
Debt Management: Teradata's debt-to-equity ratio is notably higher than the industry average. With a ratio of 8.13, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 43.23 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 1.54 is lower than the industry average, implying a discounted valuation for Teradata's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 11.29, Teradata's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Cracking Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000816761">Check Out The Full List Of Teradata's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Hillary Ashton Takes Money Off The Table, Sells $411K In Teradata Stock

Thomas W Smith, 10% Owner at Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>), executed a substantial insider sell on September 11, according to an SEC filing.
What Happened: Smith's decision to sell 1,200 shares of Credit Acceptance was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000885550/000110465924098951//Archives/edgar/data/885550/000110465924098951/0001104659-24-098951-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $541,208.
Monitoring the market, Credit Acceptance's shares down by 0.0% at $420.93 during Thursday's morning.
<h3>About Credit Acceptance</h3>
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.
<h3>Financial Milestones: Credit Acceptance's Journey</h3>
Revenue Growth: Credit Acceptance's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 12.42%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 62.24%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Credit Acceptance exhibits below-average bottom-line performance with a current EPS of -3.83.
</li>
</ul>
Debt Management: Credit Acceptance's debt-to-equity ratio surpasses industry norms, standing at 3.82. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 30.04 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.7 is above industry norms, reflecting an elevated valuation for Credit Acceptance's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 40.63, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>Delving Into the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Understanding Crucial Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000885550">Check Out The Full List Of Credit Acceptance's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CACC

Credit Acceptance 10% Owner Sold $541K In Company Stock

Deep-pocketed investors have adopted a bullish approach towards Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LRCX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for Lam Research. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 26% bearish. Among these notable options, 9 are puts, totaling $793,133, and 14 are calls, amounting to $591,878.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $720.0 to $820.0 for Lam Research during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Lam Research options trades today is 140.93 with a total volume of 1,391.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lam Research's big money trades within a strike price range of $720.0 to $820.0 over the last 30 days.
<h3>Lam Research Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726153355_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$30.05</td>
<td>$30.0</td>
<td>$30.0</td>
<td>$785.00</td>
<td>$369.0K</td>
<td style="text-align: right;">222</td>
<td style="text-align: right;">189</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$32.75</td>
<td>$30.0</td>
<td>$30.0</td>
<td>$785.00</td>
<td>$90.0K</td>
<td style="text-align: right;">222</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$45.95</td>
<td>$43.05</td>
<td>$44.79</td>
<td>$755.00</td>
<td>$89.3K</td>
<td style="text-align: right;">34</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$37.95</td>
<td>$33.0</td>
<td>$33.0</td>
<td>$760.00</td>
<td>$82.5K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$32.75</td>
<td>$28.5</td>
<td>$30.0</td>
<td>$785.00</td>
<td>$69.0K</td>
<td style="text-align: right;">222</td>
<td style="text-align: right;">212</td>
</tr>
</tbody>
</table>

<h3>About Lam Research</h3>
Lam Research is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segments of deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear cut second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
<h3>Current Position of Lam Research</h3>
<ul>
<li>With a volume of 303,486, the price of LRCX is down -1.94% at $752.0. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 34 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lam Research options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

LRCX

What the Options Market Tells Us About Lam Research

Over the past 24 hours, Cardano's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) price has risen 7.29% to $0.36. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $0.33 to its current price. As it stands right now, the coin's all-time high is $3.09. 
The chart below compares the price movement and volatility for Cardano over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726153348_0.png" alt="price_chart" />
The trading volume for the coin has fallen 6.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.36%. This brings the circulating supply to 35.66 billion, which makes up an estimated 79.25% of its max supply of 45.00 billion. According to our data, the current market cap ranking for ADA is #12 at $12.73 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726153348_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$ADA

Cardano's Price Increased More Than 7% Within 24 hours

A new SEC filing reveals that Kevin P. McDermott, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), made a notable insider purchase on September 11,.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000103//Archives/edgar/data/915779/000091577924000103/0000915779-24-000103-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled that McDermott made a notable purchase of 7,160 shares of Daktronics, valuing at $84,989.
As of Thursday morning, Daktronics shares are up by 0.9%, currently priced at $12.3.
<h3>All You Need to Know About Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics: Delving into Financials</h3>
Decline in Revenue: Over the 3 months period, Daktronics faced challenges, resulting in a decline of approximately -2.77% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average. With a ratio of 0.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 58.05, Daktronics's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.7, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 6.15, Daktronics could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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