What Did This CEO Just Do with Personal Shares of Garmin Ltd (NASDAQ: GRMN)?

By Carrie Williams

Today, the President & CEO of Garmin Ltd (NASDAQ: GRMN), Clifton Pemble, sold shares of GRMN for $9,187.

Following Clifton Pemble’s last GRMN Sell transaction on November 18, 2016, the stock climbed by 1.2%.

Based on Garmin Ltd’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $722 million and quarterly net profit of $125 million. In comparison, last year the company earned revenue of $680 million and had a net profit of $119 million. The company has a one year high of $56.19 and a one year low of $30.93. GRMN’s market cap is $9.96B and the company has a P/E ratio of 19.80.

12 different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock.

The insider sentiment on Garmin Ltd has been neutral according to 47 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Clifton Pemble’s trades have generated a -14.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

Garmin Ltd. is a holding company which engages in the provision of navigation, communication, and information devices and applications that are enabled by global positioning system technology. It operates through the following segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers auto navigation products, as well products and applications designed for mobile Global Positioning System (GPS) market. The Aviation segment includes GPS-enabled navigation, communications transmitters/receivers, multi-function displays, electronic flight instrumentation systems (EFIS), automatic flight control systems, and traffic advisory systems, The Marine segment comprises of products designed for use in the recreational marine industry. The Outdoor segment offers products designed for use in outdoor activities. The Fitness segment involves in products designed for use in fitness and activity tracking. The company was founded on February 9, 2010 and is headquartered in Schaffhausen, Switzerland.