Sajal Srivastava Acquires 16,000 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVGGet Free Report) insider Sajal Srivastava bought 16,000 shares of TriplePoint Venture Growth BDC stock in a transaction dated Friday, January 9th. The shares were bought at an average cost of $6.56 per share, for a total transaction of $104,960.00. Following the completion of the acquisition, the insider owned 1,974,690 shares in the company, valued at $12,953,966.40. This represents a 0.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sajal Srivastava also recently made the following trade(s):

  • On Monday, January 12th, Sajal Srivastava purchased 23,799 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.66 per share, with a total value of $158,501.34.
  • On Thursday, January 8th, Sajal Srivastava acquired 16,833 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.61 per share, with a total value of $111,266.13.
  • On Wednesday, January 7th, Sajal Srivastava bought 30,877 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.43 per share, for a total transaction of $198,539.11.
  • On Tuesday, January 6th, Sajal Srivastava bought 34,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.61 per share, with a total value of $224,740.00.
  • On Monday, January 5th, Sajal Srivastava purchased 40,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.70 per share, with a total value of $268,000.00.
  • On Friday, January 2nd, Sajal Srivastava acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.60 per share, for a total transaction of $179,209.80.
  • On Wednesday, December 31st, Sajal Srivastava acquired 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.55 per share, with a total value of $199,506.45.
  • On Tuesday, December 30th, Sajal Srivastava bought 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.45 per share, with a total value of $161,250.00.
  • On Monday, December 29th, Sajal Srivastava bought 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.34 per share, for a total transaction of $173,779.40.
  • On Friday, December 26th, Sajal Srivastava purchased 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.30 per share, with a total value of $199,080.00.

TriplePoint Venture Growth BDC Stock Up 0.3%

Shares of TPVG stock opened at $6.65 on Thursday. The business has a fifty day simple moving average of $6.35 and a 200 day simple moving average of $6.35. The company has a market cap of $268.66 million, a P/E ratio of 7.82 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVGGet Free Report) last released its earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. As a group, equities research analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TPVG has been the subject of several research reports. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings upgraded shares of TriplePoint Venture Growth BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Piper Sandler dropped their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, UBS Group lowered their target price on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TriplePoint Venture Growth BDC has an average rating of “Reduce” and an average target price of $6.25.

Check Out Our Latest Stock Analysis on TPVG

Institutional Trading of TriplePoint Venture Growth BDC

Several institutional investors have recently modified their holdings of the business. Two Sigma Investments LP increased its holdings in TriplePoint Venture Growth BDC by 58.6% in the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after purchasing an additional 226,479 shares during the period. Marshall Wace LLP grew its position in shares of TriplePoint Venture Growth BDC by 44.9% in the 2nd quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after buying an additional 163,916 shares during the last quarter. Norden Group LLC increased its stake in shares of TriplePoint Venture Growth BDC by 150.1% in the fourth quarter. Norden Group LLC now owns 174,090 shares of the investment management company’s stock valued at $1,139,000 after buying an additional 104,492 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at about $173,000. Finally, Aquatic Capital Management LLC raised its position in shares of TriplePoint Venture Growth BDC by 251.3% during the third quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company’s stock worth $237,000 after acquiring an additional 29,427 shares during the last quarter. Institutional investors own 12.77% of the company’s stock.

About TriplePoint Venture Growth BDC

(Get Free Report)

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.

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Insider Buying and Selling by Quarter for TriplePoint Venture Growth BDC (NYSE:TPVG)

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