Baldwin Insurance Group (NASDAQ:BWIN) Upgraded to "Hold" at Wall Street Zen
Baldwin Insurance Group (NASDAQ:BWIN) was upgraded from "sell" to "hold" by Wall Street Zen, maintaining a consensus "Hold" rating among analysts with an average target price of $33.83. The stock opened at $19.57, near its one-year low, and the company has a market cap of $2.32 billion with recent revenue growth but a negative net margin. Insider selling has occurred, with insiders owning 18.51% of the stock.
A Look At Baldwin Insurance Group (BWIN) Valuation After Mixed Share Performance And 32.6% Undervaluation Narrative
Baldwin Insurance Group (BWIN) has experienced mixed share performance, with a 45% decline over the past year despite recent stabilization. Many analysts believe the stock is undervalued by 32.6%, suggesting a fair value of $33.88 compared to its current price of $22.83, driven by anticipated growth in Medicare Advantage funding. However, the company's P/S ratio and high leverage raise some concerns, suggesting investors should conduct their own thorough research.
The Baldwin Insurance Group (NASDAQ:BRP) Shares Down 4.6% - Should You Sell?
The Baldwin Insurance Group (NASDAQ:BRP) saw its shares drop by 4.6% on Monday, with a significant increase in trading volume. The company's key fundamentals include a market capitalization of approximately $2.95 billion, a debt-to-equity ratio of 1.21, and a negative P/E ratio, indicating unprofitability. Despite the decline, analysts currently have a "Hold" rating on BRP, but suggest other stocks might be better buys.
Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of "Hold" by Analysts
Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received a consensus "Hold" rating from eight analysts, with an average one-year price target of $33.83. The company's shares opened at $25.84, below its 200-day simple moving average, and it reported a negative P/E ratio despite positive quarterly EPS and revenue growth. Recent insider selling, totaling 255,000 shares, has also been noted.
Emerald Mutual Fund Advisers Trust Sells 420,231 Shares of Baldwin Insurance Group, Inc. $BWIN
Emerald Mutual Fund Advisers Trust significantly reduced its stake in Baldwin Insurance Group, Inc. by selling 420,231 shares, cutting its holdings by 89.0%. Concurrently, insider James Morgan Roche also sold 80,000 shares, reflecting a broader trend of insider selling totaling $6.12 million in the past three months, although insiders still retain 18.51% ownership. Baldwin Insurance Group (NASDAQ: BWIN) currently holds a consensus "Hold" rating from analysts with an average price target of $33.83.
Baldwin files Form D tied to $551.7 million equity issuance
The Baldwin Group has filed a Form D with the SEC, disclosing a $551.7 million equity issuance under a Regulation D Rule 506(b) exemption. The offering involved Class A common stock priced at $23.78 per share, with the first sale on January 2, 2026, and a total of 267 investors participating. The filing confirms that all securities were subscribed to and no proceeds were allocated to executive officers or directors.
Baldwin Insurance Group Acquires Obie, Stock Gains 4.3% - News and Statistics
Baldwin Insurance Group (NASDAQ: BWIN) saw its stock rise by 4.3% following the announcement of its acquisition of Obie, an insurance platform for landlords and real estate investors. This strategic move aims to expand Baldwin's presence in the real estate investor market and enhance its embedded insurance distribution capabilities. Wells Fargo & Company analysts increased their price target on BWIN shares from $25.00 to $27.00, reinforcing positive sentiment despite maintaining an equal weight rating.
Fast-growing landlord insurance platform Obie joins Baldwin Group
The Baldwin Group (NASDAQ: BWIN) has acquired Obie, an embedded insurance distribution business specializing in solutions for landlords and real estate investors. This acquisition enhances Baldwin’s property distribution network and expands its insurance offerings in the real estate sector. Obie, which has seen over 2,100% revenue growth since 2021, integrates insurance into modern real estate transactions through embedded technology, a seamless quoting experience, and a nationwide agent network.
The Baldwin Group Completes Acquisition of Obie, a Leading Investment Property Insurance Platform
The Baldwin Group (NASDAQ: BWIN) has acquired Obie, a Chicago-based embedded insurance distribution business specializing in insurance solutions for landlords and real estate investors. This acquisition strengthens Baldwin’s property distribution network, expands its insurance solutions within the real estate ecosystem, and integrates Obie's technology and nationwide reach with Baldwin's scale and underwriting capabilities. Obie has seen over 2,100% revenue growth since 2021.
Baldwin Group Acquires Capstone Group in Philadelphia
The Baldwin Group, a global insurance broker based in Florida, has acquired Capstone Group, a multi-line independent insurance brokerage in Pennsylvania. Capstone Group, founded in 2013, provides risk management, group, and property/casualty insurance services. This acquisition follows a previous merger agreement between Baldwin and CAC Group, establishing one of the largest independent insurance advisory platforms in the U.S.
The Baldwin Group Completes Acquisition of Capstone Group to Further Strengthen National Platform and Expand Regional Expertise
The Baldwin Group (NASDAQ: BWIN) announced the acquisition of Capstone Group, a Philadelphia-based independent insurance brokerage. This acquisition aims to strengthen Baldwin's national platform, expand its regional expertise, and enhance its ability to deliver comprehensive risk management solutions. Both companies emphasize a client-centric approach and shared values, expecting long-term growth and innovation from the partnership.
Tributary Capital Management LLC Purchases 391,847 Shares of Baldwin Insurance Group, Inc. $BWIN
Tributary Capital Management LLC significantly increased its stake in Baldwin Insurance Group (NASDAQ:BWIN) by 92.5%, purchasing an additional 391,847 shares to own a total of 815,452 shares valued at approximately $23.0 million. This move is part of a trend of high institutional ownership in the company, which stands at 77.49%, though insiders have been net sellers. The stock carries a negative P/E ratio, a market capitalization of $2.95 billion, and has a consensus "Hold" rating from analysts with an average target price of $35.71.
After big insurance merger, Baldwin puts new leaders over key client teams
The Baldwin Group (NASDAQ: BWIN) has announced new leadership appointments in its Insurance Advisory Solutions (IAS) segment following its merger with CAC Group. Erin Lynch will lead Specialty Insurance, Jeff Hughes will head Middle Market Insurance, and Joe Valerio will continue as Chief Operating Officer for IAS. These appointments aim to integrate the merged entities and enhance service delivery across various client needs.
Baldwin Insurance Group Appoints Paul Sparks as Director
Baldwin Insurance Group, Inc. has announced the appointment of Paul Sparks as a Class III director to its Board, effective January 2, 2026, following a recent transaction. Sparks, a co-founder of the Seller and former Executive Chairman, brings extensive experience in insurance and risk management to his new role. This appointment details his board position and the rationale behind it.
Baldwin Insurance Group completes Cobbs Allen acquisition and secures $600 million loan
Baldwin Insurance Group (NASDAQ:BWIN) has successfully completed its acquisition of Cobbs Allen, a deal finalized on January 1st for $438 million in cash and 23.2 million shares of Class A common stock. To fund this, Baldwin Insurance Group Holdings secured $600 million in new term B loans, increasing its total outstanding term loans to approximately $1.6 billion. The acquisition also adds Cobbs Allen co-founder Paul Sparks to Baldwin's board and includes potential contingent cash payments up to $250 million.
Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Average Recommendation of "Hold" from Brokerages
Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received an average "Hold" rating from nine brokerage firms, with an average one-year price target of $36.57. Insider James Morgan Roche sold 100,000 shares for $2.42 million, bringing total insider sales over three months to $6.119 million. The company reported Q3 EPS of $0.31 on revenue of $365.39 million, with a negative net margin and a market cap of $2.85 billion.
Baldwin Insurance Group Closes Major Cobbs Allen Acquisition
Baldwin Insurance Group (BWIN) has successfully completed a significant acquisition of Cobbs Allen Capital Holdings and related entities for $438 million in cash, 23.2 million Class A shares, and potential contingent payments. This strategic move, which also involves issuing additional shares and appointing Paul Sparks to its board, aims to enhance Baldwin's insurance and financial services capabilities. Despite these efforts, TipRanks' AI Analyst Spark rates BWIN as Neutral due to weak financial performance and bearish technical indicators.
Baldwin Insurance Group completes Cobbs Allen acquisition and secures $600 million loan
Baldwin Insurance Group (NASDAQ:BWIN) has finalized its acquisition of Cobbs Allen Capital Holdings, LLC for $438 million in cash and 23.2 million shares of Class A common stock, with potential additional payments. To fund this, Baldwin Insurance Group Holdings, LLC secured $600 million in new term B loans, bringing its total outstanding term loans to about $1.6 billion. The acquired entity's co-founder, Paul Sparks, has joined Baldwin's board.
Baldwin Insurance Group Signs Multiple Material Agreements
Baldwin Insurance Group (BWIN) has signed two material agreements related to its recent acquisition and financing plans. The company entered a Voting Agreement with the Seller Group, granting board representation, and amended its credit agreement with JPMorgan Chase Bank to add $600 million in incremental term B loans. These actions aim to fund the acquisition cash consideration, support corporate purposes, and enhance liquidity for growth.
Form 424B7 Baldwin Insurance Group,
The Baldwin Insurance Group, Inc. has filed a prospectus supplement for the offer and sale of 23,200,000 shares of Class A common stock by selling stockholders. These shares were issued as part of the consideration for the acquisition of Cobbs Allen Capital Holdings, LLC, which closed on January 1, 2026. The transaction involved a cash payment of $438.0 million and the issuance of these shares, with certain transfer restrictions on 17,400,000 shares that will be released pro rata over a four-year period.
Fenimore Asset Management Inc Purchases 155,654 Shares of Baldwin Insurance Group, Inc. $BWIN
Fenimore Asset Management Inc significantly increased its stake in Baldwin Insurance Group (NASDAQ:BWIN) by 44.3% in the third quarter of 2025, acquiring 155,654 additional shares to hold a total of 507,057 shares valued at approximately $14.3 million. Despite this institutional buying, company insiders have been net sellers, disposing of 255,000 shares in the past three months. The company currently holds a consensus "Hold" rating from analysts with an average price target of $36.57, although its stock trades with a negative P/E ratio.
Baldwin Insurance Group, Inc. $BWIN Shares Sold by Harbor Capital Advisors Inc.
Harbor Capital Advisors Inc. significantly reduced its stake in Baldwin Insurance Group (NASDAQ:BWIN) by 54.9% in the third quarter, selling 61,369 shares and retaining 50,396 shares worth approximately $1.42 million. Insider selling has also been notable, with director James Morgan Roche selling 80,000 shares for about $1.92 million, contributing to a total of 255,000 insider shares sold for approximately $6.12 million in the last 90 days. Despite the insider selling, analysts maintain a consensus "Hold" rating with a $36.57 price target for BWIN, which currently trades around $25.60.
Baldwin Insurance Group (NASDAQ:BWIN) Beats Q3 CY2025 Sales Expectations
Baldwin Insurance Group (NASDAQ:BWIN) reported Q3 CY2025 results, exceeding Wall Street's revenue expectations with sales up 7.8% year-on-year to $365.4 million. The company's non-GAAP profit per share matched analyst estimates at $0.31. Despite a slight miss in organic revenue growth, the overall performance was considered a softer quarter, with the stock remaining flat post-report.
Assessing Baldwin Insurance Group (BWIN) Valuation After Q3 Beat and New $600 Million Term Loan
Baldwin Insurance Group (BWIN) recently beat Q3 earnings and revenue expectations and secured a new $600 million term loan. Despite a positive short-term stock reaction, its one-year returns remain negative, indicating a recovery phase. Analysts suggest an undervaluation due to expected double-digit organic revenue growth and margin recovery, particularly from an aging U.S. population and Medicare Advantage funding, positioning the company for a potential rebound.
Baldwin Insurance group executive Roche sells $5.74 million in stock
James Morgan Roche, President and CEO of Underwriting, Capacity and Technology Operations at The Baldwin Group, sold 239,200 shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Class A Common Stock for approximately $5.74 million. These transactions, which included multiple sales between December 11 and December 15, followed recent positive earnings reports and a significant term loan for Baldwin Holdings, alongside varied analyst sentiment regarding the company's stock. Roche now directly owns 42,113 shares of Class A Common Stock.
Baldwin Insurance group executive Roche sells $5.74 million in stock By Investing.com
James Morgan Roche, President of The Baldwin Group, sold 239,200 shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Class A Common Stock for approximately $5.74 million between December 11 and December 15. Following these transactions, Roche directly owns 42,113 shares of Class A Common Stock. In other news, Baldwin Insurance Group reported strong third-quarter 2025 earnings and secured an incremental $600 million term loan, while analysts at Jefferies and BMO Capital adjusted their price targets.
Baldwin Insurance group executive Roche sells $5.74 million in stock
James Morgan Roche, President of The Baldwin Group, sold 239,200 shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Class A Common Stock for approximately $5.74 million between December 11 and December 15. Following these sales, Roche directly owns 42,113 shares of Class A Common Stock. This news comes amidst other company developments, including exceeding analysts' Q3 2025 earnings expectations and a significant incremental term loan.
Westwood Holdings Group Inc. Increases Stock Position in Baldwin Insurance Group, Inc. $BWIN
Westwood Holdings Group Inc. increased its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 8.0% in Q2, acquiring an additional 142,506 shares for a total of 1,920,530 shares valued at $82.22 million. Concurrently, insider James Morgan Roche sold 15,000 shares for $376,200, reducing his stake by 26.26%. Baldwin Insurance Group reported Q3 EPS of $0.31, meeting consensus estimates, with revenue up 7.5% year-over-year, and currently holds a "Hold" consensus rating from analysts with an average target price of $38.57.
Baldwin Insurance Group (NASDAQ:BWIN) Insider Sells $1,400,400.00 in Stock
Baldwin Insurance Group (NASDAQ:BWIN) insider James Morgan Roche sold 60,000 shares of the company's stock for $1,400,400.00 on December 11th, reducing his stake by over 21%. This sale was part of multiple transactions in December totaling shares for roughly $6.12 million. The company's stock traded down 1.7% to $23.67, with a negative P/E ratio of -55.05, while analysts maintain a "Hold" consensus and an average target price of $36.57.
Baldwin Insurance Group (NASDAQ:BWIN) Shares Gap Up Following Analyst Upgrade
Baldwin Insurance Group (NASDAQ:BWIN) shares gapped up following an upgrade from Wells Fargo & Company, which moved the stock from an underweight to an equal weight rating and set a $25.00 price target. Despite the upgrade, analyst sentiment remains mixed with a consensus "Hold" rating and an average price target of $38.57. Insider selling by James Morgan Roche, reducing his position by over 26%, also contributed to recent activity.
Baldwin Insurance Group (NASDAQ:BWIN) Trading Up 7% - Here's What Happened
Baldwin Insurance Group (NASDAQ:BWIN) saw its shares jump 7% on Thursday, reaching an intraday high of $24.02, though trading volume was significantly lower than average. Analyst ratings are mixed, with an average "Hold" rating and a consensus price target of $38.57, despite recent target adjustments by Wells Fargo and JPMorgan. The company reported quarterly EPS of $0.31, matching estimates, and revenue of $365.4M, marking a 7.5% year-over-year increase, but still maintains a negative net margin and P/E ratio.
Baldwin Insurance group executive Roche sells $376k in stock By Investing.com
James Morgan Roche, President and CEO of Underwriting at Baldwin Insurance Group, sold 15,000 shares of Class A Common Stock for approximately $376,200. This sale comes as the company's shares have significantly declined, yet InvestingPro analysis suggests the stock is undervalued despite current market performance and recent strategic appointments within the company. Baldwin also reported exceeding analyst expectations in its Q3 2025 earnings.
Baldwin Insurance group executive Roche sells $376k in stock
James Morgan Roche, a Baldwin Insurance Group executive, sold 15,000 shares of Class A Common Stock for approximately $376,200. This transaction occurred amidst a significant decline in BWIN shares, which are down nearly 14% over the past week and 41% over six months. Despite the stock trading near its 52-week low, InvestingPro analysis suggests it is currently undervalued.
American Century Companies Inc. Sells 292,597 Shares of Baldwin Insurance Group, Inc. $BWIN
American Century Companies Inc. significantly reduced its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by selling 292,597 shares, decreasing its holdings by 64.8% and now owning 0.13% of the company valued at $6.797 million. This move occurred during a period of mixed analyst ratings, with an average "Hold" rating and a consensus target price of $38.57, while the stock currently trades around $25.05. Despite this sale, institutional ownership in Baldwin Insurance Group remains high at 77.49%, with other major funds like Invesco Ltd. increasing their positions.
Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Average Recommendation of "Hold" by Brokerages
Baldwin Insurance Group (NASDAQ:BWIN) has received a consensus "Hold" rating from nine brokerages, with an average 12-month target price of $38.57, while currently trading at $25.05. Several firms have recently lowered price targets or issued sell/neutral ratings, reflecting concerns about its negative P/E ratio and negative net margin despite meeting recent EPS estimates. Institutional investors hold approximately 77.5% of the stock, with some increasing positions.
Baldwin Group (NASDAQ: BWIN) to merge with CAC in deal seen lifting 2025 EPS over 20%
The Baldwin Group (NASDAQ: BWIN) announced a definitive agreement to merge with CAC Group in a deal valued at $1.026 billion. This merger is expected to make The Baldwin Group the largest majority colleague-owned, publicly-traded insurance broker in the U.S. and is projected to increase 2025 Adjusted EPS by over 20% due to targeted synergies. The transaction is anticipated to close in the first quarter of 2026.
Baldwin Insurance Group Announces Merger with CAC Group
Baldwin Insurance Group announced a merger with CAC Group, creating one of the largest independent insurance advisory platforms in the U.S. The $1.026 billion transaction, expected to close in Q1 2026, aims to enhance Baldwin's specialty capabilities and market reach, and is anticipated to be accretive to Baldwin’s 2025 Adjusted EPS by over 20%. The combined entity will leverage Baldwin’s reinsurance and MGA operations with CAC’s data and analytics platform.
Baldwin merges with fellow insurance broker CAC Group in $1.03B deal
Baldwin, a major insurance broker, has announced a merger with CAC Group, another insurance brokerage, in a deal valued at $1.03 billion. This significant transaction will combine the operations of two prominent players in the insurance brokerage industry, expanding their market presence and service offerings.
JPMorgan Chase & Co. Sells 206,552 Shares of Baldwin Insurance Group, Inc. $BWIN
JPMorgan Chase & Co. reduced its stake in Baldwin Insurance Group, Inc. by 13.2% in the second quarter, selling 206,552 shares and now holding 1,355,916 shares valued at $58 million. Analyst sentiment for BWIN is mixed with a "Hold" consensus and an average price target of $38.57, despite price target cuts from JPMorgan and UBS. Baldwin recently reported in-line earnings and revenue growth but maintains a negative net margin.
Analysts Offer Insights on Financial Companies: Intercorp Financial Services (IFS), Baldwin Insurance Group (BWIN) and Banco Santander Brasil (BSBR)
Analysts from Bank of America Securities have updated their ratings on several financial companies. Ernesto Gabilondo maintained a "Buy" rating for Intercorp Financial Services (IFS), Joshua Shanker reiterated a "Buy" rating for Baldwin Insurance Group (BWIN) with a significant upside, and Mario Pierry sustained a "Hold" rating for Banco Santander Brasil (BSBR). These ratings reflect current analyst sentiment on these stocks within the financial sector.
The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Soars 26% But It's A Story Of Risk Vs Reward
The Baldwin Insurance Group, Inc. (BWIN) saw its share price bounce 26% in the last month, despite still being down 42% over the last twelve months. While its price-to-sales (P/S) ratio of 1.4x is similar to the industry average, analysts forecast stronger revenue growth for BWIN compared to the industry median. This suggests a potential disconnect where the market may be pricing in risks not fully reflected in the optimistic revenue outlook.
Baldwin Insurance Group, Inc. $BWIN Stock Position Boosted by Bank of New York Mellon Corp
Bank of New York Mellon Corp increased its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 3.5% in the second quarter, bringing its total holdings to 866,083 shares valued at approximately $37.1 million. Other institutional investors also adjusted their positions in the company, which now has 77.49% institutional ownership. Baldwin Insurance Group recently reported quarterly earnings in line with analyst estimates and revenue slightly above expectations, though the company maintains a negative net margin.
Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Recommendation of "Hold" by Brokerages
Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received a consensus "Hold" rating from nine brokerages, with an average 1-year target price of $38.57. Several analysts have recently adjusted their price targets and ratings on the stock. Hedge funds and institutional investors have also made significant changes to their positions in BWIN, with institutional investors owning 77.49% of the company's stock.
The Baldwin Group (NASDAQ: BWIN) names Joe Valerio COO for Insurance Advisory Solutions
The Baldwin Group (NASDAQ: BWIN) has appointed Joe Valerio as Chief Operating Officer (COO) for its Insurance Advisory Solutions (IAS) division, which handles retail property, casualty, and employee benefits brokerage. Valerio, with nearly 30 years of industry experience, will focus on driving operational excellence and client experience outcomes for IAS. He previously held leadership roles at World Insurance Associates and Willis Towers Watson.
Joe Valerio Joins The Baldwin Group as Chief Operating Officer, Insurance Advisory Solutions
The Baldwin Group (NASDAQ: BWIN) announced that Joe Valerio has been appointed as Chief Operating Officer for Insurance Advisory Solutions. Mr. Valerio, with nearly 30 years of industry experience, will be responsible for driving operational excellence and client experience within the firm's retail property and casualty and employee benefits brokerage business. He will report to Dan Galbraith, President of The Baldwin Group, and will focus on accelerating growth and achieving strategic revenue goals.
The Baldwin Group Announces Second Quarter 2025 Results
The Baldwin Group announced strong second quarter 2025 results, with total revenue growth of 11% to $378.8 million and organic revenue growth of 11%. The company reported an Adjusted Diluted EPS growth of 24% to $0.42 and Adjusted EBITDA growth of 14% year-over-year to $85.5 million. Management expressed satisfaction with double-digit organic growth and highlighted increased flexibility for capital allocation following the completion of earnout obligations.
The Baldwin Insurance Group Inc (BWIN) Q3 2025 Earnings Call Highlights: Strong Revenue Growth ...
The Baldwin Insurance Group Inc (BWIN) reported strong organic revenue growth of 5% in Q3 and 9% year-to-date, alongside an 11% increase in adjusted diluted earnings per share. Despite these positives, the company faced some challenges, including flat adjusted EBITDA, a GAAP net loss of $30.2 million, and headwinds from renewal premium changes and macroeconomic uncertainty. The company also launched a "3B30 Catalyst" program to integrate AI and optimize processes, aiming for $40 million in annualized savings by 2028.
Baldwin Insurance Group, Inc. $BWIN is Otter Creek Advisors LLC's 7th Largest Position - MarketBeat
Otter Creek Advisors LLC significantly increased its stake in Baldwin Insurance Group (NASDAQ:BWIN) by 138.9% in the second quarter, making it their 7th largest position. The company reported $0.42 EPS for the quarter, meeting analyst estimates, with revenue increasing by 11.5% year over year. Corporate insiders have also shown increased activity, with CFO Bradford Hale purchasing 10,000 shares.
Baldwin Insurance Group Stock Hits New 52-Week Low at $26.27 - Markets Mojo
Baldwin Insurance Group, Inc. (BWIN) stock has hit a new 52-week low of $26.27, representing a 23.59% decline over the past year. The small-cap insurer faces challenges including negative return on equity and a high price-to-book ratio, despite strong long-term operating profit growth. Volatility and significant drops in net profit and operating cash flow contribute to its risky market position.
Baldwin Insurance Group (NASDAQ:BWIN) Reaches New 1-Year Low - Here's Why
Baldwin Insurance Group (NASDAQ:BWIN) stock hit a new 52-week low of $26.28, closing at $26.37 with high trading volume, reflecting bearish analyst ratings and downward revised price targets. Despite this, CFO Bradford Hale increased his holdings, signaling insider confidence. The company reported quarterly earnings meeting consensus estimates and institutional investors have adjusted their positions.