In a filing, Trimble Inc. revealed its Senior Vice President Large Peter unloaded Company’s shares for reported $54060.0 on Aug 22. In the deal valued at $53.00 per share,1,020 shares were sold. As a result of this transaction, Large Peter now holds 2,076 shares worth roughly $ 0.11 million.
Then, PAINTER ROBERT G sold 3,000 shares, generating $165,000 in total proceeds. Upon selling the shares at $55.00, the President & CEO now owns 212,356 shares.
Before that, PAINTER ROBERT G sold 2,500 shares. Trimble Inc. shares valued at $132,500 were divested by the President & CEO at a price of $53.00 per share. As a result of the transaction, PAINTER ROBERT G now holds 215,356 shares, worth roughly $11.52 million.
Edward Jones upgraded its Trimble Inc. [TRMB] rating to a Buy from a a Hold in a research note published on Tuesday.
Price Performance Review of TRMB
On Tuesday, Trimble Inc. [NASDAQ:TRMB] saw its stock fall -2.89% to $53.47. On the same session, the stock had its day’s lowest price of $53.1026, but rose to a high of $54.93. Over the last five days, the stock has gained 0.39%. Trimble Inc. shares have risen nearly 5.76% since the year began. Nevertheless, the stocks have fallen -14.86% over the past one year. While a 52-week high of $64.44 was reached on 02/02/23, a 52-week low of $45.43 was recorded on 05/02/23. SMA at 50 days reached $53.48, while 200 days put it at $52.31. A total of 1.03 million shares were traded, compared to the trading of 1.05 million shares in the previous session.
Levels Of Support And Resistance For TRMB Stock
The 24-hour chart illustrates a support level at 52.74, which if violated will result in even more drops to 52.01. On the upside, there is a resistance level at 54.57. A further resistance level may holdings at 55.66. The Relative Strength Index (RSI) on the 14-day chart is 48.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 54.62%. Stochastics %K at 70.44% 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 Aug 14, 2023, growing by 0.96 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.74 million shares. There was a rise of 35.56%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.23% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.98.
Trimble Inc. [TRMB] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 27,843,704 shares, or roughly 11.24% of the outstanding TRMB shares. In other words, the investor’s shares have risen by 542,390 from its previous 13-F filing of 27301314.0. Additionally, Capital Research & Management Co increased 0.59% of its stake after which the total value it holdings stand at $736,037,746, while BlackRock Fund Advisors reduced -0.26% of its stake to hold $652.74 million in the firm. Over the last quarter, Impax Asset Management Ltd. purchased 201,662 shares of Trimble Inc., while SSgA Funds Management, Inc. bought 309,137 shares. At present, T. Rowe Price Associates, Inc. is holding 9,642,067 shares valued at $518.74 million. Geode Capital Management LLC owned 5,422,863 shares of the company at the time of its most recent 13F filing, worth $291.75 million.
According to FactSet, Trimble Inc.’s share price will average $61.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.42 percent from its previous closing price of $55.06. Analysts expect Trimble Inc. stock to reach the higher price of $79.00, while the lowest price estimate is $40.00. However, 13 analysts have rated TRMB stock as an Overweight in their predictions for 2023.