Trimble Navigation VP James Veneziano Sells 5,359 Shares (TRMB)
Trimble Navigation (NASDAQ:TRMB) VP James Veneziano sold 5,359 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $35.00, for a total value of $187,565.00. Following the completion of the sale, the vice president now directly owns 40,626 shares of the company’s stock, valued at approximately $1,421,910. The sale was disclosed in a filing with the SEC, which is available at this link.
TRMB has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Trimble Navigation in a research note to investors on Monday, December 16th. They now have a $40.00 price target on the stock, up previously from $35.00. Separately, analysts at Pacific Crest initiated coverage on shares of Trimble Navigation in a research note to investors on Tuesday, November 12th. They set a “hold” rating and a $60.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of Trimble Navigation in a research note to investors on Tuesday, November 12th. They set a “hold” rating and a $60.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $39.94.
Trimble Navigation (NASDAQ:TRMB) traded down 1.12% on Thursday, hitting $34.31. The stock had a trading volume of 504,838 shares. Trimble Navigation has a 52 week low of $24.66 and a 52 week high of $35.01. The stock has a 50-day moving average of $32.65 and a 200-day moving average of $29.17. The company has a market cap of $8.847 billion and a price-to-earnings ratio of 47.15.
Trimble Navigation (NASDAQ:TRMB) last announced its earnings results on Thursday, October 31st. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.03. The company had revenue of $556.50 million for the quarter, compared to the consensus estimate of $559.07 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.
Trimble Navigation Limited (NASDAQ:TRMB) provides technology solutions.
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