Insider Selling: David Schutte Unloads 10,000 Shares of Knoll Stock (KNL)
Knoll (NYSE:KNL) CMO David Schutte unloaded 10,000 shares of the stock on the open market in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 70,909 shares of the company’s stock, valued at approximately $1,205,453. The sale was disclosed in a filing with the SEC, which is available at this link.
Knoll (NYSE:KNL) traded down 2.03% during mid-day trading on Thursday, hitting $16.42. 127,264 shares of the company’s stock traded hands. Knoll has a 52 week low of $12.99 and a 52 week high of $18.69. The stock’s 50-day moving average is $16.7 and its 200-day moving average is $15.90. The company has a market cap of $770.3 million and a P/E ratio of 20.00.
Knoll (NYSE:KNL) last released its earnings data on Wednesday, October 16th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.03. The company had revenue of $216.90 million for the quarter, compared to the consensus estimate of $219.67 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts predict that Knoll will post $0.74 earnings per share for the current fiscal year.
Knoll, Inc is a designer and manufacturer of workplace furnishings, textiles and fine leathers. The Company operates in three segments: Office, Studio and Coverings.
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