Clarivate Plc’s recent filing unveils that its Chief Product Officer Samson James Gordon unloaded Company’s shares for reported $1.05 million on Nov 15. In the deal valued at $10.48 per share,100,000 shares were sold. As a result of this transaction, Samson James Gordon now holds 737,898 shares worth roughly $ 7.38 million.
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Then, Snyder Andrew Miles bought 51,063 shares, generating $591,310 in total proceeds. Upon buying the shares at $11.58, the Director now owns 259,396 shares.
Before that, Snyder Andrew Miles bought 208,333 shares. Clarivate Plc shares valued at $2,418,746 were divested by the Director at a price of $11.61 per share. As a result of the transaction, Snyder Andrew Miles now holds 208,333 shares, worth roughly $2.08 million.
Morgan Stanley downgraded its Clarivate Plc [CLVT] rating to an Equal-weight from a an Overweight in a research note published on Friday, February 06, 2023; the price target was increased to $12 from $11. PT values the company’s stock at a premium of 16.67 to its Friday closing price. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. Citigroup also remained covering CLVT and has decreased its forecast on February 04, 2022 with a “Neutral” recommendation from previously “Buy” rating. Barclays revised its rating on February 03, 2022. It rated CLVT as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of CLVT
On Friday, Clarivate Plc [NYSE:CLVT] saw its stock fall -5.39% to $10.00. On the same session, the stock had its day’s lowest price of $9.94, but rose to a high of $10.53. Over the last five days, the stock has lost -11.97%. Clarivate Plc shares have risen nearly 19.90% since the year began. Nevertheless, the stocks have fallen -23.02% over the past one year. While a 52-week high of $17.50 was reached on 03/01/23, a 52-week low of $7.85 was recorded on 01/05/23. SMA at 50 days reached $10.40, while 200 days put it at $11.32. A total of 6.59 million shares were traded, compared to the trading of 13.51 million shares in the previous session.
Levels Of Support And Resistance For CLVT Stock
The 24-hour chart illustrates a support level at 9.78, which if violated will result in even more drops to 9.57. On the upside, there is a resistance level at 10.37. A further resistance level may holdings at 10.75. The Relative Strength Index (RSI) on the 14-day chart is 39.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.09%. Stochastics %K at 27.50% indicates the stock is a holding.
How much short interest is there in Clarivate Plc?
A steep rise in short interest was recorded in Clarivate Plc stocks on Jan 30, 2023, dropping by -4.55 million shares to a total of 31.83 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 36.38 million shares. There was a decline of -14.29%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.59.
Clarivate Plc [CLVT] – Who Are The Largest Shareholders?
In filings from Clarkston Capital Partners LLC, it is revealed that the company now owns 48,465,749 shares, or roughly 7.19% of the outstanding CLVT shares. In other words, the investor’s shares have risen by 14,684,114 from its previous 13-F filing of 33781635.0. Additionally, Generation Investment Management decreased -1.03% of its stake after which the total value it holdings stand at $461,942,466, while Partners Group AG reduced -6.64% of its stake to hold $259.16 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 1,922,215 shares of Clarivate Plc, while Farallon Capital Management LLC bought -25,368,867 shares. At present, Atairos Management LP is holding 12,259,847 shares valued at $124.19 million. Select Equity Group LP owned 11,436,126 shares of the company at the time of its most recent 13F filing, worth $115.85 million.
According to FactSet, Clarivate Plc’s share price will average $13.39 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.61 percent from its previous closing price of $10.57. Analysts expect Clarivate Plc stock to reach the higher price of $15.00, while the lowest price estimate is $12.00. However, 8 analysts have rated CLVT stock as an Overweight in their predictions for 2023.