Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Director Sells $97,424,356.85 in Stock

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Director Chinh Chu sold 10,885,403 shares of Dun & Bradstreet stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the completion of the transaction, the director now directly owns 23,810 shares of the company’s stock, valued at $213,099.50. This trade represents a 99.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Dun & Bradstreet Stock Performance

Shares of NYSE DNB opened at $8.97 on Tuesday. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.95. The company has a market cap of $4.00 billion, a PE ratio of -149.39, a P/E/G ratio of 2.21 and a beta of 1.14. The stock has a 50 day simple moving average of $8.74 and a 200-day simple moving average of $10.62. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The firm had revenue of $579.80 million for the quarter, compared to the consensus estimate of $578.02 million. During the same quarter in the previous year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. The Goldman Sachs Group reduced their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. StockNews.com assumed coverage on Dun & Bradstreet in a research note on Tuesday. They set a “hold” rating for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.86.

Institutional Investors Weigh In On Dun & Bradstreet

A number of hedge funds and other institutional investors have recently modified their holdings of DNB. Norges Bank acquired a new position in Dun & Bradstreet during the 4th quarter valued at about $42,016,000. Raymond James Financial Inc. bought a new position in shares of Dun & Bradstreet in the fourth quarter valued at approximately $26,817,000. Vulcan Value Partners LLC increased its stake in shares of Dun & Bradstreet by 50.3% during the first quarter. Vulcan Value Partners LLC now owns 4,103,360 shares of the business services provider’s stock valued at $36,684,000 after acquiring an additional 1,373,476 shares during the period. Contour Asset Management LLC bought a new stake in Dun & Bradstreet during the fourth quarter worth approximately $17,018,000. Finally, Dimensional Fund Advisors LP lifted its position in Dun & Bradstreet by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider’s stock worth $219,566,000 after purchasing an additional 1,350,263 shares during the period. 86.68% of the stock is currently owned by institutional investors.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.