Yesterday it was reported that the Chief Marketing Officer of Ritchie Bros (RBA), Matthew Ackley, exercised options to sell 7,819 RBA shares for a total transaction value of $520.4K.
Following this transaction Matthew Ackley’s holding in the company was decreased by 178% to a total of $974.9K. Following Matthew Ackley’s last RBA Sell transaction on June 04, 2020, the stock climbed by 19.9%.
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Based on Ritchie Bros’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $332 million and quarterly net profit of $45.39 million. In comparison, last year the company earned revenue of $290 million and had a net profit of $25.27 million. The company has a one-year high of $78.64 and a one-year low of $25.92. RBA’s market cap is $6.88 billion and the company has a P/E ratio of 39.70.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $70.50, reflecting a -100.0% downside.
The insider sentiment on Ritchie Bros has been negative according to 95 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros. Financial Services segment refers to the financial brokerage service. The Mascus segment includes online listing service. The company was founded by David Edward Ritchie in 1958 and is headquartered in Burnaby, Canada.
