Insider Selling: Charles River Associates (NASDAQ:CRAI) EVP Sells 2,250 Shares of Stock

Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin sold 2,250 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $147.72, for a total transaction of $332,370.00. Following the completion of the transaction, the executive vice president owned 13,247 shares of the company’s stock, valued at approximately $1,956,846.84. This represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles River Associates Stock Performance

Shares of CRAI traded up $3.02 during trading hours on Wednesday, hitting $148.01. The stock had a trading volume of 112,659 shares, compared to its average volume of 168,941. The firm has a 50-day moving average price of $156.23 and a 200 day moving average price of $177.57. Charles River Associates has a fifty-two week low of $132.17 and a fifty-two week high of $227.29. The firm has a market capitalization of $956.14 million, a price-to-earnings ratio of 20.56, a PEG ratio of 1.07 and a beta of 0.75.

Charles River Associates (NASDAQ:CRAI) last posted its earnings results on Thursday, May 7th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.03). Charles River Associates had a net margin of 6.22% and a return on equity of 26.02%. The firm had revenue of $200.98 million during the quarter, compared to analyst estimates of $193.81 million. As a group, analysts predict that Charles River Associates will post 8.48 EPS for the current fiscal year.

Charles River Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Tuesday, May 26th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, May 26th. Charles River Associates’s payout ratio is currently 31.67%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRAI shares. Barrington Research reiterated an “outperform” rating and issued a $245.00 target price on shares of Charles River Associates in a research note on Monday, March 2nd. Weiss Ratings cut shares of Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $245.00.

Hedge Funds Weigh In On Charles River Associates

A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its position in Charles River Associates by 47.4% during the first quarter. California State Teachers Retirement System now owns 9,187 shares of the business services provider’s stock worth $1,487,000 after acquiring an additional 2,953 shares during the period. SG Americas Securities LLC raised its position in Charles River Associates by 86.6% during the first quarter. SG Americas Securities LLC now owns 105,339 shares of the business services provider’s stock worth $17,052,000 after acquiring an additional 48,892 shares during the period. Russell Investments Group Ltd. raised its position in Charles River Associates by 8.2% during the fourth quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider’s stock worth $839,000 after acquiring an additional 318 shares during the period. Kennedy Capital Management LLC raised its position in Charles River Associates by 1.2% during the fourth quarter. Kennedy Capital Management LLC now owns 6,489 shares of the business services provider’s stock worth $1,302,000 after acquiring an additional 79 shares during the period. Finally, Entropy Technologies LP acquired a new position in Charles River Associates during the fourth quarter worth $401,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

About Charles River Associates

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.