In yesterday’s Wall Street session, Carlyle Group Inc (NASDAQ:CG) shares traded at $52.35, down -3.47% from the previous session.
CG stock price is now 15.38% away from the 50-day moving average and 19.18% away from the 200-day moving average. The market capitalization of the company currently stands at $18.66B.
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With the price target of $42, Wells Fargo recently initiated with Equal Weight rating for Carlyle Group Inc (NASDAQ: CG). On August 27, 2024, Redburn Atlantic recently initiated its ‘Buy’ rating on the stock quoting a target price of $55, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Carlyle Group Inc., 10% Owner sold 250,000 shares of the company’s stock on Oct 17 ’24. The stock was sold for $582,250 at an average price of $2.33. Upon completion of the transaction, the 10% Owner now directly owns 2,155,461 shares in the company, valued at $112.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, 10% Owner Carlyle Group Inc. sold 275,000 shares of the business’s stock. A total of $603,790 was realized by selling the stock at an average price of $2.20. This leaves the insider owning 2,405,461 shares of the company worth $125.93 million. A total of 42.42% of the company’s stock is owned by insiders.
During the past 12 months, Carlyle Group Inc has had a low of $28.44 and a high of $54.52. The fifty day moving average price for CG is $45.1282 and a two-hundred day moving average price translates $43.86255 for the stock.
The latest earnings results from Carlyle Group Inc (NASDAQ: CG) was released for 2024-06-30. The net profit margin was -12.80% and return on equity was -7.22% for CG. The company reported revenue of $1.07 billion for the quarter, compared to $462.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 131.49 percent.
