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Zebra Technologies' chief marketing officer sells shares worth $359,316

Published 09/11/2024, 07:36 am
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Robert John Armstrong Jr., the Chief Marketing Officer of Zebra Technologies Corp (NASDAQ:ZBRA), recently sold shares of the company valued at approximately $359,316. The transactions, which took place on November 6, involved the sale of 914 shares at prices ranging from $390.50 to $393.32 per share. Following these sales, Armstrong retains ownership of 4,055 shares of Zebra Technologies. The company's stock is classified as Class A Common Stock.

In other recent news, Zebra Technologies Corporation reported a significant surge in Q3 sales and earnings, marking a 31% year-on-year increase with sales nearing $1.3 billion. The company also witnessed a 300% rise in non-GAAP diluted earnings per share, reaching $3.49. A substantial improvement in the EBITDA margin was observed, escalating to 21.4%. This growth was primarily driven by strong performances across all primary end markets, including mobile computing, data capture, and printing.

Zebra Technologies has adjusted its full-year outlook, forecasting continued growth in sales and EBITDA margins. The company expects non-GAAP diluted earnings per share to be between $13.30 and $13.50, and anticipates free cash flow to reach at least $850 million. However, a decline in Q4 gross margin is expected due to an increase in larger deal volumes.

Despite some challenges in the machine vision segment and macroeconomic uncertainties, the company remains optimistic about the continuation of recovery into 2025. These recent developments indicate Zebra Technologies' robust approach to navigating the evolving market landscape, underpinned by its strategic initiatives and focus on innovation and customer experience.

InvestingPro Insights

As Zebra Technologies Corp's Chief Marketing Officer Robert John Armstrong Jr. divests a portion of his holdings, investors might be curious about the company's current market position and future prospects. According to InvestingPro data, Zebra Technologies boasts a substantial market capitalization of $20.64 billion, reflecting its significant presence in the technology sector.

The company's stock has shown remarkable performance, with a 92.39% price total return over the past year, and a strong 23.46% return in the last three months. This upward trajectory has brought the stock price to 99.17% of its 52-week high, trading at $397.18 as of the last close. These figures align with an InvestingPro Tip indicating that Zebra Technologies has experienced a "high return over the last year" and is "trading near 52-week high."

Despite the recent insider sale, it's worth noting that 15 analysts have revised their earnings upwards for the upcoming period, according to an InvestingPro Tip. This positive sentiment from analysts could suggest confidence in the company's future performance, potentially offsetting any concerns raised by the insider transaction.

Investors should be aware that Zebra Technologies is trading at a relatively high P/E ratio of 53.95, which is consistent with another InvestingPro Tip stating that the stock is "trading at a high earnings multiple." This valuation metric may indicate that the market has high growth expectations for the company.

For those seeking a more comprehensive analysis, InvestingPro offers additional insights with 14 more tips available for Zebra Technologies. These tips could provide valuable context for understanding the company's financial health and market position beyond the recent insider activity.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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