Rep. Josh Gottheimer Sells Endava plc (NYSE:DAVA) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Endava plc (NYSE:DAVA). In a filing disclosed on April 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Endava stock on March 19th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Flywire (NASDAQ:FLYW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Shopify (NYSE:SHOP) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 3/19/2025.

Endava Stock Performance

Endava stock opened at $17.93 on Monday. The firm’s 50 day simple moving average is $24.01 and its 200 day simple moving average is $26.97. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a 1-year low of $16.70 and a 1-year high of $34.94. The firm has a market capitalization of $1.06 billion, a PE ratio of 162.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. As a group, analysts expect that Endava plc will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DAVA shares. Susquehanna cut their price target on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Friday, February 21st. Morgan Stanley increased their target price on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC dropped their price target on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.10.

Hedge Funds Weigh In On Endava

Large investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Endava by 22.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company’s stock worth $140,073,000 after buying an additional 842,433 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Endava by 80.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company’s stock worth $55,807,000 after acquiring an additional 805,903 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Endava by 187.5% in the 4th quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company’s stock valued at $26,540,000 after acquiring an additional 560,190 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Endava during the 4th quarter valued at $14,698,000. Finally, SG Americas Securities LLC increased its holdings in shares of Endava by 1,299.1% in the 4th quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock worth $13,298,000 after purchasing an additional 399,605 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Endava

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.