The SVP & CFO of Steelcase Inc (NYSE: SCS) is Selling Shares

By Carrie Williams

Today, the SVP & CFO of Steelcase Inc (SCSResearch Report), David Sylvester, sold shares of SCS for $366.3K.

In addition to David Sylvester, 4 other SCS executives reported Sell trades in the last month.

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Based on Steelcase Inc’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $824 million and quarterly net profit of $17.5 million. In comparison, last year the company earned revenue of $754 million and had a net profit of $16.7 million. SCS’s market cap is $2.06B and the company has a P/E ratio of 16.60. Currently, Steelcase Inc has an average volume of 437.7K.

The insider sentiment on Steelcase Inc has been negative according to 70 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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Steelcase, Inc. engages in the provision of furnishing solutions, and architecture, furniture, and technology products. It operates through following segments: Americas, EMEA, and Others. The Americas segment serves customers in the United States (U.S.), Canada, the Caribbean Islands, and Latin America.