Cristen L. Kogl, Chief Legal Officer at Zebra Technologies Corp (NASDAQ:ZBRA), recently sold 522 shares of the company’s Class A Common Stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $390 each, amounting to a total transaction value of $203,580.
On the same day, Kogl engaged in other transactions involving Zebra Technologies stock. She acquired 409 shares at $171.74 per share and 531 shares at $149.57 per share through stock appreciation rights exercises, bringing the total value of these acquisitions to $149,663.
In addition, Kogl disposed of 418 shares at $390 per share in transactions related to tax obligations, totaling $163,020. After these transactions, Kogl holds 14,904 shares of Zebra Technologies directly.
In other recent news, Zebra Technologies, an enterprise asset intelligence leader, has reported a significant increase in Q3 sales and earnings, with sales reaching nearly $1.3 billion, marking a 31% year-on-year increase. The non-GAAP diluted earnings per share rose to $3.49, a 300% increase from the previous year. This robust growth was driven by strong performances across all primary end markets, particularly in mobile computing, data capture, and printing.
Zebra Technologies has also raised its full-year outlook, projecting adjusted EBITDA margins at approximately 21% and non-GAAP diluted earnings per share between $13.30 and $13.50. Free cash flow is anticipated to reach at least $850 million. However, the company expects a decline in Q4 gross margin due to an increase in larger deal volumes and remains cautious about large projects in 2025 due to macroeconomic factors.
Despite challenges in the machine vision segment, the company reported a strong quarter with broad recovery across various markets, especially retail and e-commerce. Retail customers are increasing spending on e-commerce and omni-channel strategies, and distributors are well-stocked in anticipation of Q4 demand. These are some of the recent developments in Zebra Technologies.
InvestingPro Insights
Zebra Technologies Corp (NASDAQ:ZBRA) has been experiencing significant market momentum, as evidenced by its strong stock performance. According to InvestingPro data, the company's stock has shown a remarkable 92.39% total return over the past year, with a 23.46% return in just the last three months. This upward trend aligns with the recent insider transactions by Chief Legal Officer Cristen L. Kogl.
The company's current market capitalization stands at $20.63 billion, reflecting its substantial presence in the technology sector. Zebra Technologies is trading near its 52-week high, with its price at 99.17% of the peak, suggesting investor confidence in the company's prospects.
InvestingPro Tips highlight that 15 analysts have revised their earnings upwards for the upcoming period, indicating positive expectations for Zebra's financial performance. This optimism is further supported by the company's profitability over the last twelve months and analysts' predictions of continued profitability this year.
However, investors should note that Zebra Technologies is trading at a high P/E ratio of 53.95, which may indicate that the stock is priced at a premium compared to its earnings. The company also operates with a moderate level of debt, which could be a factor to consider in the context of its financial stability.
For those interested in a deeper analysis, InvestingPro offers 14 additional tips on Zebra Technologies, providing a comprehensive view of the company's financial health and market position.
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