The President & CEO of Trimble Navigation Limited is Exercising Options

By Carrie Williams

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.

See today’s analyst top recommended stocks >>

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.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.