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Wise PLC Class A ( (GB:WISE) ) has provided an update.
Wise PLC has announced changes in its total voting rights and capital structure. The company has 1,025,000,252 Class A ordinary shares and 214,084,255 Class B ordinary shares, with a recent cessation of voting rights for 4,500,000 Class B shares. This adjustment results in a total of 2,951,758,547 voting rights across both classes. Notably, CEO Kristo Käärmann holds over 50% of the total voting rights, but his exercisable votes are capped to ensure they remain below 50%. This cap affects the total exercisable voting rights, reducing them to 2,617,358,175. This change could impact the company’s governance and decision-making processes.
The most recent analyst rating on (GB:WISE) stock is a Buy with a £1222.00 price target. To see the full list of analyst forecasts on Wise PLC Class A stock, see the GB:WISE Stock Forecast page.
Spark’s Take on GB:WISE Stock
According to Spark, TipRanks’ AI Analyst, GB:WISE is a Outperform.
Wise PLC’s strong financial performance and positive earnings call sentiment are the primary drivers of its high score. The company’s robust growth metrics and strategic initiatives outweigh the moderate technical analysis and valuation concerns, indicating a solid investment potential in the Information Technology Services industry.
To see Spark’s full report on GB:WISE stock, click here.
More about Wise PLC Class A
Average Trading Volume: 1,384,063
Technical Sentiment Signal: Buy
Current Market Cap: £13.54B
For an in-depth examination of WISE stock, go to TipRanks’ Overview page.