Via Transportation (NYSE:VIA) CEO Purchases $49,795.02 in Stock

Via Transportation Inc. (NYSE:VIA) CEO Daniel Ramot bought 3,333 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $14.94 per share, with a total value of $49,795.02. Following the acquisition, the chief executive officer owned 2,417,386 shares in the company, valued at approximately $36,115,746.84. This trade represents a 0.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Ramot also recently made the following trade(s):

• On Tuesday, June 16th, Daniel Ramot bought 3,571 shares of Via Transportation stock. The shares were bought at an average cost of $14.00 per share, for a total transaction of $49,994.00.

Via Transportation Stock Performance

NYSE:VIA opened at $15.28 on Friday. The firm has a market capitalization of $1.24 billion and a PE ratio of -16.43. The stock’s fifty day moving average is $15.50 and its 200 day moving average is $20.18. Via Transportation Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $56.31.

Analyst Upgrades and Downgrades

VIA has been the subject of several analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $24.00 target price on shares of Via Transportation in a report on Wednesday, May 13th. Guggenheim reiterated a “buy” rating and set a $50.00 price target on shares of Via Transportation in a report on Wednesday. Weiss Ratings raised shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Raymond James Financial set a $19.00 price objective on shares of Via Transportation in a research note on Tuesday, May 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $25.00 target price on shares of Via Transportation in a research note on Monday, June 1st. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.10.

Key Stories Impacting Via Transportation

Here are the key news stories impacting Via Transportation this week:

• Positive Sentiment: CEO Daniel Ramot bought additional VIA shares through a pre-arranged trading plan, adding to earlier insider purchases. That kind of buying can signal confidence from management. Article Title
• Positive Sentiment: Another insider-buying update highlighted CEO purchases of 3,333 shares, reinforcing the recent pattern of insider confidence in Via Transportation’s outlook. Article Title
• Neutral Sentiment: A separate market story noted that hedge funds and large institutions continue to own a sizable portion of the company, but this appears to be background information rather than a new catalyst. Article Title
• Negative Sentiment: Several law firms, including Rosen, Kahn Swick & Foti, Pomerantz, Berger Montague, and others, reminded investors about the August 10 lead-plaintiff deadline in the class action tied to Via’s IPO. The repeated litigation notices increase legal overhang and may keep investors cautious. Article Title

Institutional Trading of Via Transportation

Several institutional investors and hedge funds have recently made changes to their positions in VIA. Bank of America Corp DE purchased a new stake in shares of Via Transportation during the third quarter valued at $29,000. Assetmark Inc. bought a new position in shares of Via Transportation in the third quarter worth about $36,000. Caitong International Asset Management Co. Ltd purchased a new position in Via Transportation in the 4th quarter worth about $34,000. PNC Financial Services Group Inc. bought a new stake in Via Transportation during the 3rd quarter valued at about $60,000. Finally, Strs Ohio bought a new stake in Via Transportation during the 4th quarter valued at about $52,000. 74.40% of the stock is currently owned by institutional investors.

About Via Transportation

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.