Jennifer Leyden, Chief Financial Officer of Getty Images Holdings, Inc. (NYSE:GETY), has sold a portion of her company shares, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on March 20, 2024, involved the sale of 37,448 shares of Class A Common Stock at a weighted average price of $4.96 per share, amounting to a total value of $185,742.
The filing indicates that the shares were sold in multiple trades with prices ranging from $4.82 to $5.04. The reported average price reflects the weighted average sale price across all trades. Following the sale, Leyden still holds a substantial number of shares, with 301,222 shares remaining in her possession.
The transaction was conducted under a pre-arranged trading plan, known as Rule 10b5-1(c), which was adopted by Leyden on November 16, 2023. Such plans allow company insiders to sell a predetermined number of shares at a predetermined time, providing a defense against potential claims of insider trading.
Investors often monitor insider transactions for insights into the confidence levels of a company's executives and directors regarding the business's prospects. In the case of Getty Images, this recent sale by the CFO might draw attention from the investment community as they assess the company's current financial standing and future expectations.
Getty Images Holdings, Inc. specializes in business services and is headquartered in Seattle, Washington. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol GETY.
InvestingPro Insights
In light of the recent insider transaction at Getty Images Holdings, Inc. (NYSE:GETY), where CFO Jennifer Leyden sold shares, investors may find the following InvestingPro Insights particularly useful for context. According to the data, Getty Images has a market capitalization of approximately $1.71 billion and is trading at a Price-to-Earnings (P/E) ratio of 88.85. However, when adjusted for the last twelve months as of Q4 2023, the P/E ratio appears more moderate at 33.21.
An intriguing aspect of Getty Images' financial health is its PEG ratio, which stands at 0.93 for the last twelve months as of Q4 2023. This suggests that the company's earnings growth is almost in line with its P/E ratio, potentially indicating a fair value for its growth rate. Additionally, the company has maintained a strong gross profit margin of 72.7% over the same period, reflecting the efficiency of its operations.
One of the InvestingPro Tips highlights that Getty Images is expected to be profitable this year, which aligns with the positive outlook on net income growth. In contrast, an InvestingPro Tip also notes that two analysts have revised their earnings estimates downwards for the upcoming period, which could be a point of consideration for investors weighing the potential impact on the company's future performance.
Investors interested in a deeper dive into Getty Images' financial metrics and additional insights can explore more with InvestingPro. Currently, there are 9 additional InvestingPro Tips available for Getty Images, which can be accessed at: https://www.investing.com/pro/GETY. For those considering a subscription, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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