According to Benzinga Pro, during Q2, Carlyle Group (NASDAQ:CG) earned $1.32 billion, a 8.72% increase from the preceding quarter. Carlyle Group also posted a total of $919.00 million in sales, a 50.04% increase since Q1.
BMO Capital analyst James Fotheringham upgrades Carlyle Group (NASDAQ:CG) from Market Perform to Outperform and raises the price target from $59 to $65.
Combined company expected to have a pro forma enterprise value of $1.550 billion, with an implied pro forma equity value of $1.909 billion
$180 million significantly oversubscribed and upsized PIPE
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.