In a recent transaction, Mark David Schwartz, Senior Vice President of CES at Trimble Inc. (NASDAQ:TRMB), sold 235 shares of the company's common stock. The sale, conducted under a pre-arranged trading plan, fetched a price of $61.14 per share, amounting to a total value of over $14,367.
On the same day, Schwartz also acquired a significant number of shares through the exercise of options. The transactions, executed at a price of $60.54 per share, involved the acquisition of 4,589 shares of Trimble Inc.'s common stock, totaling approximately $277,818 in value. Concurrently, Schwartz disposed of 1,687 shares to cover tax liabilities, totaling around $102,130, at the same price per share.
These transactions are part of the routine financial activities disclosed by company insiders, providing transparency to the market and ensuring compliance with regulatory requirements. The sales and acquisitions were reported in accordance with the Securities and Exchange Commission's filing procedures.
Investors often monitor insider transactions as they may provide insights into the executives' confidence in the company's performance and prospects. It's worth noting that the aforementioned sales by Schwartz were planned in advance through a Rule 10b5-1 trading plan, established on November 2, 2023.
Following these transactions, Schwartz's direct ownership in Trimble Inc. stands adjusted, reflecting the recent changes in his stake in the company. Trimble Inc., headquartered in Westminster, Colorado, specializes in measuring and controlling devices, serving a wide range of industries with technological solutions.
InvestingPro Insights
As Trimble Inc. (NASDAQ:TRMB) continues to navigate the market, recent data from InvestingPro sheds light on the company's financial metrics and stock performance. With a Market Cap of approximately $14.39 billion and a P/E Ratio (Adjusted) for the last twelve months as of Q4 2023 at 37.7, Trimble presents an interesting case for investors. The company's PEG Ratio during the same period stands at -1.52, which may suggest that the stock's price growth is not in line with earnings growth expectations.
Looking at revenue, Trimble has reported a growth of 3.33% for the last twelve months as of Q4 2023, with a quarterly revenue growth of 8.86% in Q4 2023. This indicates a steady increase in the company's revenue streams. Additionally, the company's Gross Profit Margin for the last twelve months as of Q4 2023 is robust at 64.28%, reflecting a strong ability to control costs relative to revenue.
Investors might also take note of the company's recent stock performance. Trimble has experienced a strong return over the last three months, with a 26.13% price total return. This is complemented by an InvestingPro Tip highlighting that analysts predict the company will be profitable this year. Moreover, Trimble has been profitable over the last twelve months, reinforcing the company's financial stability.
For those considering investing in Trimble Inc., it's important to consider these financial metrics. Additionally, with InvestingPro, users can access several more InvestingPro Tips to further inform their investment decisions. For instance, there are tips regarding Trimble's trading multiples and price volatility that could be crucial for prospective investors. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and delve into a total of 9 InvestingPro Tips available for Trimble Inc. at https://www.investing.com/pro/TRMB.
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