Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trimble Inc shares valued at $266,934 were sold by Allison Jennifer on Jan 17 ’25. At $74.75 per share, Allison Jennifer sold 3,571 shares. The insider’s holdings dropped to 3,157 shares worth approximately $0.24 million following the completion of this transaction.
Also, Allison Jennifer purchased 3,571 shares, netting a total of over 266,935 in proceeds.
Before that, Large Peter had sold 1,447 shares from its account. In a trade valued at $85,518, the Senior Vice President traded Trimble Inc shares for $59.10 each. Upon closing the transaction, the insider’s holdings decreased to 1,447 shares, worth approximately $0.64 million.
As published in a research note from Wolfe Research on December 16, 2024, Trimble Inc [TRMB] has been rated up from a Peer perform to an Outperform and the price target has been revised to $90. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of February 13, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for TRMB. Earlier on September 29, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for TRMB stock which previously was a “a Mkt perform”.
Analyzing TRMB Stock Performance
During the last five days, there has been a surge of approximately 8.16%. Over the course of the year, Trimble Inc shares have jumped approximately 9.54%. Shares of the company reached a 52-week high of $77.73 on 01/22/25 and a 52-week low of $68.49 on 01/13/25. A 50-day SMA is recorded $72.49, while a 200-day SMA reached $61.28. Nevertheless, trading volume fell to 1.1 million shares from 1.34 million shares the previous day.
Support And Resistance Levels for Trimble Inc (TRMB)
According to the 24-hour chart, there is a support level at 76.46, which, if violated, would cause prices to drop to 75.53. In the upper region, resistance lies at 78.03. The next price resistance is at 78.67. RSI (Relative Strength Index) is 69.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.82, which suggests the price will increase in the coming days. Percent R is at 3.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
