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Is Clarivate Stock a Buy After a Member of the Board of Directors Bought Shares for $2.5 Million?

The Motley Fool Logo The Motley Fool By Robert Izquierdo
Is Clarivate Stock a Buy After a Member of the Board of Directors Bought Shares for $2.5 Million?

Clarivate Board member Kenneth L. Cornick purchased 725,000 shares worth $2.5 million, signaling potential confidence despite the company's soft sales and significant debt. The stock remains challenged, with a 26% decline over the past year and ongoing profitability concerns.

Insights
DGZ   neutral

Analyst maintained existing recommendation while adjusting price target upward


CLVT   neutral

Mixed signals from board member's significant stock purchase, but company faces challenges including declining sales, substantial debt ($4.5 billion), and continued net losses, suggesting caution is warranted