TransUnion (NYSE:TRU), a leading credit reporting agency, has reported that its Executive Vice President of Operations, Richard Dane Mauldin, sold 1,500 shares of company stock. The transaction, which took place on March 14, 2024, amounted to over $117,000.
Investors may note that the shares were sold at a weighted average price of $78.1001, with individual sales occurring within a price range of $78.075 to $78.11. The specifics of the number of shares sold at each price within this range are available upon request from the company, any TransUnion security holder, or the SEC staff, as noted in the footnotes of the filing.
Following the sale, Mauldin's ownership in the company stands at 22,032.8347 shares of common stock. This transaction has been publicly disclosed in accordance with SEC regulations, providing transparency into the trading activities of the company's executives.
The sale by a high-ranking executive such as Mauldin may attract the attention of investors tracking insider activity. TransUnion, headquartered in Chicago, Illinois, operates within the consumer credit reporting and collection agencies sector, and its stock is publicly traded on the New York Stock Exchange.
For those interested in the company's insider transactions, this latest filing offers a glimpse into the financial moves of one of TransUnion's top executives.
InvestingPro Insights
As TransUnion (NYSE:TRU) navigates the market, recent data from InvestingPro shows a mixed financial landscape for the credit reporting agency. Despite a challenging P/E ratio of -73.42, indicating a premium for its earnings, the company boasts a robust gross profit margin of 60.4% for the last twelve months as of Q4 2023. This figure underscores the company's efficiency in generating revenue relative to its cost of goods sold.
TransUnion's market capitalization stands at $15.09 billion, reflecting its significant presence in the industry. Investors may also be intrigued by the company's ability to maintain a dividend, having raised it for three consecutive years, which is a positive sign for those looking for income-generating investments.
Among the numerous InvestingPro Tips available, two particularly stand out for TransUnion. Firstly, the company's net income is expected to grow this year, which could signal an upcoming period of profitability and financial health. Secondly, analysts predict the company will be profitable this year, offering a potential upside for investors who are considering the stock's future performance.
For those seeking comprehensive analysis and additional insights, InvestingPro offers a total of 9 InvestingPro Tips for TransUnion, which can be further explored on the platform. To benefit from these insights, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With the next earnings date slated for April 23, 2024, and the stock trading at 92.99% of its 52-week high, the upcoming period will be crucial for investors to watch TransUnion's performance and strategic direction.
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