Nerdy Inc. (NYSE:NRDY) announced that its Chief Legal Officer, Christopher C. Swenson, sold 25,000 shares of Class A Common Stock on March 18, 2024. The transaction amounted to a total of $74,000, with the shares being sold at an average price of $2.96 each.
The sale was executed in multiple transactions at prices ranging from $2.92 to $3.07 per share. Following the sale, Swenson continues to hold 1,233,248 shares of Nerdy Inc. The company clarified that the sale did not result from any disagreement between Swenson and Nerdy Inc., and he remains an officer of the company.
Investors and shareholders of Nerdy Inc. can request detailed information about the sale, including the number of shares sold at each price point, if needed. This sale was publicly reported in a filing with the Securities and Exchange Commission on March 20, 2024.
InvestingPro Insights
Following the recent news of Nerdy Inc.'s (NYSE:NRDY) Chief Legal Officer's stock sale, investors may be keen on understanding the company's financial health and stock performance. According to InvestingPro, Nerdy Inc. holds a market capitalization of $552.41 million and has shown notable revenue growth over the last twelve months as of Q4 2023, with an increase of 18.89%. The company's gross profit margin stands impressively at 70.55%, indicating a strong ability to control costs relative to its revenue.
Despite not being profitable over the last twelve months, analysts predict that Nerdy Inc. will turn a profit this year, as per InvestingPro Tips. This optimism is also reflected in the company's stock price movements, which have been quite volatile but have resulted in a significant return over the last week, at 18.66%. It's important to note that Nerdy Inc. does not pay a dividend to shareholders, which may influence the investment decisions of those seeking regular income from their stock holdings.
For investors looking for more in-depth analysis, there are additional InvestingPro Tips available, providing a broader view of Nerdy Inc.'s financial position and market performance. To access these insights and enhance your investment strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.