The VP, Global Design & Prod Eng of Steelcase Inc (NYSE: SCS) is Selling Shares

By Carrie Williams

Today, the VP, Global Design & Prod Eng of Steelcase Inc (SCSResearch Report), James N. Ludwig, sold shares of SCS for $138K.

In addition to James N. Ludwig, 2 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 February 28, the company posted quarterly revenue of $912 million and quarterly net profit of $22.2 million. In comparison, last year the company earned revenue of $773 million and had a net profit of $100K. SCS’s market cap is $2.01B and the company has a P/E ratio of 16.40. Currently, Steelcase Inc has an average volume of 179.3K.

The insider sentiment on Steelcase Inc has been negative according to 67 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

James N. Ludwig’s trades have generated a 2.4% 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.

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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.