New insider activity at Radiant Logistics ( (RLGT) ) has taken place on February 21, 2025.
In recent transactions, Radiant Logistics has seen significant stock sales by its executives. CFO Todd Macomber sold 30,000 shares, amounting to a total of $227,475. Similarly, CCO Arnold Goldstein parted with 18,331 shares, bringing in $141,698. These sales reflect substantial activity in the company’s stock by its top management.
Recent Updates on RLGT stock
Radiant Logistics recently held its Q2 earnings call, revealing impressive financial performance marked by a 31.5% increase in revenues to $264.5 million and a significant rise in net income to $6.5 million. The company’s adjusted EBITDA grew to $12 million, showcasing operational efficiency and strategic management. This growth is attributed to strategic acquisitions of Foundation Logistics, Focus Logistics, and TCB Transportation, which have enhanced service offerings and market presence. Despite these positive results, the company anticipates challenges from market headwinds and newly introduced tariffs with China, Mexico, and Canada, potentially affecting near-term outcomes. Radiant remains focused on leveraging its strong balance sheet and diverse services to navigate these challenges and sustain growth, with a cautious outlook for the upcoming slow seasonal quarter.
More about Radiant Logistics
YTD Price Performance: 12.58%
Average Trading Volume: 115,468
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $360.1M