ACV Auctions Inc. (NASDAQ:ACVA - Get Free Report) CFO William Zerella sold 15,000 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $20.57, for a total transaction of $308,550.00. Following the transaction, the chief financial officer now directly owns 462,452 shares of the company's stock, valued at $9,512,637.64. This represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
William Zerella also recently made the following trade(s):
- On Monday, December 30th, William Zerella sold 32,500 shares of ACV Auctions stock. The stock was sold at an average price of $21.65, for a total transaction of $703,625.00.
- On Tuesday, November 26th, William Zerella sold 32,500 shares of ACV Auctions stock. The shares were sold at an average price of $22.41, for a total transaction of $728,325.00.
- On Tuesday, October 15th, William Zerella sold 32,500 shares of ACV Auctions stock. The stock was sold at an average price of $18.79, for a total transaction of $610,675.00.
ACV Auctions Price Performance
Shares of ACVA stock traded down $0.39 during midday trading on Friday, reaching $20.75. 1,317,013 shares of the company were exchanged, compared to its average volume of 1,165,799. ACV Auctions Inc. has a 12 month low of $12.84 and a 12 month high of $23.46. The company has a market cap of $3.48 billion, a P/E ratio of -44.15 and a beta of 1.69. The company's 50 day moving average price is $21.26 and its two-hundred day moving average price is $19.42. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.51.
Analyst Ratings Changes
A number of research firms have weighed in on ACVA. Citigroup increased their price target on shares of ACV Auctions from $22.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. B. Riley lifted their price target on shares of ACV Auctions from $24.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Piper Sandler raised their price objective on shares of ACV Auctions from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Raymond James began coverage on shares of ACV Auctions in a report on Friday, September 27th. They set a "market perform" rating and a $22.00 price objective for the company. Finally, Needham & Company LLC reissued a "buy" rating and set a $28.00 price objective (up from $26.00) on shares of ACV Auctions in a report on Thursday, December 26th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.80.
Read Our Latest Research Report on ACVA
Institutional Trading of ACV Auctions
A number of hedge funds and other institutional investors have recently made changes to their positions in ACVA. Park Place Capital Corp increased its position in shares of ACV Auctions by 34.1% in the third quarter. Park Place Capital Corp now owns 2,779 shares of the company's stock worth $56,000 after acquiring an additional 706 shares in the last quarter. MCF Advisors LLC grew its position in ACV Auctions by 107.0% during the third quarter. MCF Advisors LLC now owns 1,480 shares of the company's stock valued at $30,000 after purchasing an additional 765 shares in the last quarter. Amalgamated Bank grew its position in ACV Auctions by 18.0% during the second quarter. Amalgamated Bank now owns 5,120 shares of the company's stock valued at $93,000 after purchasing an additional 782 shares in the last quarter. Blue Trust Inc. grew its position in ACV Auctions by 165.2% during the third quarter. Blue Trust Inc. now owns 1,419 shares of the company's stock valued at $29,000 after purchasing an additional 884 shares in the last quarter. Finally, Icon Wealth Advisors LLC grew its position in ACV Auctions by 13.5% during the third quarter. Icon Wealth Advisors LLC now owns 11,048 shares of the company's stock valued at $225,000 after purchasing an additional 1,317 shares in the last quarter. 88.55% of the stock is currently owned by institutional investors.
ACV Auctions Company Profile
(
Get Free Report)
ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company's marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green's seller assurance service for against claims related to defects in the vehicle.
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