TRMB (Trimble Inc.) may reap gains as insiders became active recently


Trimble Inc.’s recent filing unveils that its SVP & Sector Head MATTHEWS DARRYL R unloaded Company’s shares for reported $0.29 million on Aug 18. In the deal valued at $71.30 per share,4,000 shares were sold. As a result of this transaction, MATTHEWS DARRYL R now holds 38,136 shares worth roughly $ 2.18 million.

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Then, KIRKLAND JAMES A sold 5,412 shares, generating $387,131 in total proceeds. Upon selling the shares at $71.53, the Senior Vice President now owns 65,132 shares.

Before that, Large Peter sold 2,188 shares. Trimble Inc. shares valued at $156,050 were divested by the Senior Vice President at a price of $71.32 per share. As a result of the transaction, Large Peter now holds 0 shares, worth roughly $0.0.

Piper Sandler downgraded its Trimble Inc. [TRMB] rating to a Neutral from a an Overweight in a research note published on Monday, September 08, 2022; the price target was decreased to $70 from $82. PT values the company’s stock at a premium of 18.29 to its Monday closing price. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid August with a ‘”a Peer perform”‘ rating. Morgan Stanley also remained covering TRMB and has increased its forecast on May 23, 2022 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Piper Sandler started covering the stock on October 15, 2021. It rated TRMB as “an Overweight”.

Price Performance Review of TRMB

On Monday, Trimble Inc. [NASDAQ:TRMB] saw its stock jump 6.34% to $57.20. On the same session, the stock had its day’s lowest price of $53.74, but rose to a high of $57.46. Over the last five days, the stock has lost -4.92%. Trimble Inc. shares have fallen nearly -34.40% since the year began. Nevertheless, the stocks have fallen -33.78% over the past one year. While a 52-week high of $90.19 was reached on 01/03/22, a 52-week low of $49.99 was recorded on 10/13/22. SMA at 50 days reached $57.71, while 200 days put it at $64.45. A total of 6.27 million shares were traded, compared to the trading of 1.94 million shares in the previous session.

Levels Of Support And Resistance For TRMB Stock

The 24-hour chart illustrates a support level at 54.81, which if violated will result in even more drops to 52.41. On the upside, there is a resistance level at 58.53. A further resistance level may holdings at 59.85. The Relative Strength Index (RSI) on the 14-day chart is 51.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.35%. Stochastics %K at 35.96% indicates the stock is a holding.

How much short interest is there in Trimble Inc.?

A steep rise in short interest was recorded in Trimble Inc. stocks on Jul 14, 2022, growing by 1.29 million shares to a total of 4.25 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.96 million shares. There was a rise of 30.35%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.92% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.54.

Trimble Inc. [TRMB] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 26,786,436 shares, or roughly 10.82% of the outstanding TRMB shares. In other words, the investor’s shares have risen by 192,755 from its previous 13-F filing of 26593681.0. Additionally, Capital Research & Management Co increased 0.06% of its stake after which the total value it holdings stand at $865,265,196, while BlackRock Fund Advisors added 0.52% of its stake to hold $674.65 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -226,199 shares of Trimble Inc., while Impax Asset Management Ltd. sold -193,405 shares. At present, Select Equity Group LP is holding 8,157,044 shares valued at $442.68 million. PRIMECAP Management Co. owned 5,596,876 shares of the company at the time of its most recent 13F filing, worth $303.74 million.

According to FactSet, Trimble Inc.’s share price will average $74.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 34.78 percent from its previous closing price of $53.79. Analysts expect Trimble Inc. stock to reach the higher price of $100.00, while the lowest price estimate is $58.00. However, 15 analysts have rated TRMB stock as an Overweight in their predictions for 2022.


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