Today, the President & CEO of Trimble Navigation Limited, Steven Berglund, exercised options of Trimble Navigation Limited (NASDAQ: TRMB) for $15.65M.
Following Steven Berglund’s last TRMB Sell transaction on November 23, 2016, the stock climbed by 6.4%. In addition to Steven Berglund, one other TRMB executive reported Sell trades in the last month.
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Based on Trimble Navigation Limited’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $742 million and quarterly net profit of $58.5 million. In comparison, last year the company earned revenue of $614 million and had a net profit of $50.5 million. TRMB’s market cap is $8.63B and the company has a P/E ratio of 69.42. Currently, Trimble Navigation Limited has an average volume of 933.6K.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $44.67, reflecting a -22.8% downside.
The insider sentiment on Trimble Navigation Limited has been negative according to 76 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Trimble, Inc. engages in the provision of providing positioning, wireless and software technology solutions. It operates through the following segments: Buildings & Infrastructure, Geospatial, Resources & Utilities, and Transportation. The Buildings & Infrastructure segment serves architects, engineers, contractors, owners, and operators.
