Gabriel Kaigham, a director at Trimble Inc. (NASDAQ:TRMB), recently sold 6,511 shares of common stock, according to a filing with the Securities and Exchange Commission. The technology company, currently valued at $16.9 billion, has seen its stock rise 24% over the past year, according to InvestingPro data. The shares were sold at a price of $71.69 each, totaling approximately $466,773. Following the transaction, Kaigham holds 17,939 shares of the company. The sale was executed under a rule 10b5-1 plan, which was effective as of February 20, 2025. While this insider sale occurred, InvestingPro data shows management has been actively buying back shares, with analysts maintaining a bullish outlook and a consensus target above current trading levels. For deeper insights into insider trading patterns and 12+ additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Trimble Inc. reported impressive first-quarter results, surpassing market expectations. The company achieved adjusted earnings per share of $0.61, exceeding the analyst estimate of $0.58, and reported revenue of $840.6 million, which was above the consensus estimate of $811.4 million. Trimble’s annualized recurring revenue reached a record high of $2.18 billion, reflecting a 7% year-over-year increase and a 15% rise on an organic basis. Looking ahead, Trimble maintained its full-year 2025 guidance with projected revenue between $3.37 billion and $3.47 billion and adjusted EPS ranging from $2.76 to $2.98.
In terms of analyst ratings, JPMorgan raised its price target for Trimble to $88, maintaining an Overweight rating, while Bernstein reiterated an Outperform rating with a price target of $80. Both firms expressed confidence in Trimble’s growth prospects and resilience amid economic uncertainties. The company continues to focus on its growth strategy, including a target of achieving approximately 30% enterprise adjusted EBITDA margins by 2027. Trimble’s management has also highlighted the effectiveness of its cross-selling strategy and new partnerships, which have contributed to increased hardware penetration. Additionally, the company has implemented measures to manage tariff impacts, demonstrating its proactive approach to navigating external challenges.
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