Raymond D. Cabrera, Senior Vice President, HR & Chief Administrative Officer at Knowles Corp (NYSE:KN), reported selling shares of the company, according to a recent SEC filing.
On May 15, Cabrera sold a total of 5,545 shares of Knowles Corp common stock. The shares were sold at prices ranging from $17.25 to $17.26 per share, amounting to a total transaction value of $95,653. Following these sales, Cabrera holds 111,286 shares in the company. While this insider sale occurred, InvestingPro data reveals that management has been actively buying back shares, demonstrating confidence in the company’s prospects. Get access to 10+ additional ProTips and comprehensive insider trading analysis with InvestingPro.
These transactions were executed in multiple trades, with the price for the larger block of shares being a weighted average price, as noted in the filing. The stock, which has shown a strong return over the last month, currently trades at $16.98, with analysts setting price targets ranging from $16 to $25 per share.
In other recent news, Knowles Corporation reported its Q1 2025 earnings, revealing a revenue of $132 million and earnings per share (EPS) of $0.18, both falling short of analysts’ expectations. Analysts had forecasted a revenue of $135.93 million and an EPS of $0.22. Despite this shortfall, Knowles’ stock experienced a 5.47% increase during the regular session. The MedTech and Specialty Audio segment showed slight revenue growth, while the Precision Devices segment remained flat. Gross margins decreased by 450 basis points year-over-year, with the company emphasizing debt reduction and share repurchase initiatives. Looking ahead, Knowles projects Q2 2025 revenue between $135 million and $145 million, with an EPS range of $0.21 to $0.25. The company aims for gross margins of 45-47% by year-end and anticipates strong cash generation throughout 2025. Additionally, Knowles highlighted its commitment to a $75 million energy market order and opportunities in the industrial sector.
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