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Equity Actions

CXM

Sprinklr has appointed Trac Pham as interim COO and authorized a $100M stock buyback program. The company reaffirms its Q4 and FY24 financial guidance. Pham, former CFO of Synopsys and current Sprinklr board member, will focus on improving the go-to-market strategy while assisting in the search for a permanent President and COO. The buyback reflects Sprinklr's strong balance sheet and cash flow, aiming to enhance stockholder value. The repurchase plan will be conducted under SEC rules and is expected to be completed within 2024.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:22 pm

CCCS

CCC Intelligent Solutions Holdings Inc. (CCCS) has upsized its secondary offering from 20 million to 22 million shares. The shares are being sold by affiliates of Advent International, L.P., and the company will not receive any proceeds from the sale. The offering is expected to close on January 8, 2024, and is being managed by J.P. Morgan, Barclays, and Citigroup. The offering is made under an effective shelf registration statement filed with the SEC.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:11 pm

RNAZ

Transcode Therapeutics (RNAZ) has published an open letter to shareholders, highlighting its progress in 2023 and objectives for 2024. The company has raised $18.5M in additional capital in 2023 despite a challenging environment. It has advanced its lead therapeutic candidate, TTX-MC138, and plans to submit an IND to the FDA in Q1 2024 for a Phase 1 clinical trial. Transcode is in partnership discussions for its preclinical programs and has streamlined operations, including reducing headcount and implementing temporary salary reductions for senior management. The company is proposing a reverse stock split to improve its ability to raise additional capital and comply with Nasdaq's stockholders' equity requirement.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:08 pm

HD

Over the past three months, 13 analysts have provided diverse ratings for Home Depot (NYSE:HD), with an average 12-month price target of $338.69, up from the previous $336.10. Recent actions include both raised and lowered price targets and ratings, reflecting dynamic market conditions and company performance. Home Depot is a leading home improvement retailer with significant market capitalization and financial strength, despite a recent revenue decline of -2.99%. The company's net margin and ROE are above industry benchmarks, but it carries a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 1:01 pm

CNP

CenterPoint Energy (NYSE:CNP) received mixed ratings from 6 analysts, with 5 somewhat bullish and 1 somewhat bearish. The average 12-month price target is $29.17, down from $30.33, with a high of $32.00 and a low of $27.00. Analysts from Keybanc, Morgan Stanley, Barclays, JP Morgan, and BMO Capital have adjusted their ratings and price targets. CenterPoint's financials show a -2.26% revenue decline, a high net margin of 13.76%, an ROE of 2.67%, an ROA of 0.66%, and a debt-to-equity ratio of 1.91.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 1:00 pm

SWKS

Analysts have varying opinions on Skyworks Solutions (NASDAQ:SWKS), with recent ratings ranging from bullish to bearish. Over the last quarter, there have been 2 bullish, 4 somewhat bullish, 2 indifferent, and 1 bearish rating. The average 12-month price target is $106.89, with a high of $130.00 and a low of $87.00, marking a 13.27% decrease from the previous average. Several analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Skyworks Solutions specializes in semiconductors for wireless connectivity, serving large smartphone manufacturers and other sectors. Financial analysis shows the company's market cap is below industry average, with a -13.37% revenue decline, below-average net margin, ROE, and ROA, but a conservative debt-to-equity ratio of 0.25.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 1:00 pm

OSUR

OraSure Technologies has taken the lead in the Series B financing round and has established extensive strategic distribution agreements with Sapphiros and its related entities. This move could potentially expand OraSure's market reach and strengthen its distribution capabilities.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:17 pm

BATL

IMPP

Battalion Oil Corporation (BATL) and Imperial Petroleum Inc. (IMPP) are two energy stocks that have shown significant momentum, potentially concerning investors who rely on such indicators. BATL's RSI is at 78.40 after a 95% stock increase over the past month, following news of its acquisition by Fury Resources. IMPP's RSI is at 70.02, with a 64% gain over the past month after its Series C Preferred Stock was converted into common stock by Flawless Management Inc.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 12:09 pm

ATRC

AtriCure (NASDAQ:ATRC) was analyzed by 6 analysts, showing a mix of bullish and somewhat bullish ratings with no bearish or indifferent stances. The average 12-month price target is now $52.00, down from $59.00, with a high estimate of $60.00 and a low of $44.00. Analysts from Needham and JMP Securities have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. AtriCure specializes in surgical treatments for atrial fibrillation and related conditions, with a majority of revenue from the U.S. The company has shown strong revenue growth, net margin, ROE, and ROA, with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 12:00 pm

VZ

Seven analysts have recently provided diverse opinions on Verizon Communications (NYSE:VZ), with an average 12-month price target of $42.71, a slight decrease from the previous average. The ratings range from 'Outperform' to 'Equal-Weight', with price targets adjusted accordingly. Verizon's financials show a negative revenue trend, but strong net margin, ROE, and ROA, along with a healthy debt-to-equity ratio. Analysts' ratings are crucial for investors, reflecting expert opinions on stock performance and company prospects.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 12:00 pm