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Huron Consulting Group's Chief Operating Officer Sells 7,991 Shares for $1.4M
The Motley Foolยท 2025-11-01 14:02
Core Insights - Ronald Dail, Chief Operating Officer of Huron Consulting Group, sold 7,991 shares for approximately $1.4 million, representing about 20.5% of his direct holdings at the time of the transaction [1][3][10] Transaction Summary - The transaction involved the sale of 7,991 shares valued at ~$1.4 million, with post-transaction holdings of 31,017 shares worth ~$5.1 million [2] - The sale was executed at a weighted average price of $169.56 per share, while the stock closed at $164.44 on October 31 [5] Historical Context - This sale is the largest executed by Dail in the past year, significantly exceeding previous sales of 1,421 shares and 600 shares [4] - Cumulatively, Dail's net sales in 2025 have reduced his direct holdings by 24.4% since February [6] Company Overview - Huron Consulting Group employs 6,405 individuals and reported a revenue of $1.6 billion with a net income of $108.4 million [7] - The company experienced a 42.1% price change over the past year, indicating strong market performance [7] Business Strategy - Huron Consulting Group focuses on high-value consulting across healthcare, education, and business advisory sectors, emphasizing technology-enabled solutions and deep industry expertise [8][9] - The company generates revenue through advisory and managed services aimed at enhancing operational efficiency and digital enablement [9] Recent Performance - Following the third-quarter earnings release, Huron's revenue before reimbursable expenses increased by 16.8% year-over-year to $432.4 million, with earnings per share growing over 16% to $0.24 [11] - Management projects revenue for the year to be between $1.65 billion and $1.67 billion, reflecting an annual growth rate of 11.4% at the midpoint [12]