Aaron von Staats, Executive Vice President, General Counsel, and Secretary of PTC Inc. (NASDAQ:PTC), a technology company with a market capitalization of $20.37 billion and impressive gross profit margins of 80.7%, recently sold shares of the company's common stock, according to a recent SEC filing. The transactions, executed on February 5, 2025, involved the sale of 1,988 shares at prices ranging from $191.0175 to $192.4 per share, totaling approximately $380,719.
The sales were carried out under a pre-established 10b5-1(c) trading plan, which was adopted on August 8, 2024. Following these transactions, von Staats retains ownership of 19,719 shares of PTC Inc. stock.
In other recent news, PTC Inc. reported robust first-quarter earnings that surpassed analyst estimates, with adjusted earnings per share of $1.10 and revenue of $565 million, reflecting a 3% year-over-year increase. However, the company's guidance for the upcoming quarter and full fiscal year did not meet investor expectations. PTC forecasts an adjusted EPS of $1.30-$1.50 for the second quarter, falling short of the $1.62 consensus. The company also anticipates Q2 revenue to be between $590-620 million, which is below the $647 million analyst estimate.
For the full fiscal year, PTC's projections are also somewhat disappointing. The company estimates a fiscal 2025 adjusted EPS of $5.30-$6.00, as opposed to the $5.93 consensus. Revenue is projected to be $2.43-2.53 billion, which is lower than analysts' $2.54 billion forecast.
Despite these projections, BMO analyst Daniel Jester maintains an Outperform rating for PTC, although he lowered his price target from $225 to $220. These are some of the recent developments surrounding PTC Inc.
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