Colleen M. O'Sullivan, Chief Accounting Officer at Zebra Technologies Corp (NASDAQ:ZBRA), recently sold 190 shares of the company's Class A Common Stock. The shares were sold at a price of $399.89 per share, amounting to a total transaction value of $75,979. Following this sale, O'Sullivan holds 5,914 shares directly.
In addition to the sale, O'Sullivan executed a stock appreciation right, acquiring 547 shares at a conversion price of $149.57 each, which contributed to a total value of $51,152. Additionally, 152 shares were disposed of at a transaction price of $400 per share for tax withholding purposes, totaling $60,800.
These transactions took place on November 25, 2024, and were reported to the Securities and Exchange Commission on November 27, 2024.
In other recent news, Zebra Technologies reported substantial growth in its third quarter of 2024, with sales reaching nearly $1.3 billion, marking a 31% increase year-on-year. The company's non-GAAP diluted earnings per share also experienced a significant rise, climbing to $3.49, a 300% increase from the previous year. Contributing to this growth were noteworthy performances across all primary end markets, including mobile computing, data capture, and printing.
Furthermore, Zebra Technologies has revised its full-year outlook upward, anticipating continued sales growth and improved adjusted EBITDA margins. Despite expected challenges in the machine vision segment and macroeconomic uncertainties affecting large projects in 2025, the company remains optimistic about recovery into the next year.
Recent developments also include strategic initiatives such as the acquisition of Matrox and the development of AI-enabled enterprise mobile computers. These advances, combined with a robust approach to navigating the evolving market landscape, are poised to contribute to Zebra Technologies' continued growth.
InvestingPro Insights
Zebra Technologies Corp (NASDAQ:ZBRA) has been experiencing significant market momentum, as evidenced by recent InvestingPro data. The company's stock has shown a robust 73.84% total return over the past year, and it's currently trading near its 52-week high, with the price at 99.41% of its peak. This strong performance aligns with the insider selling activity reported in the article, as executives may be capitalizing on the stock's upward trajectory.
InvestingPro Tips highlight that 15 analysts have revised their earnings upwards for the upcoming period, suggesting 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 is trading at a high earnings multiple, with a P/E ratio of 54.31. This valuation metric, combined with the InvestingPro Tip indicating that the stock is trading at high EBIT and EBITDA valuation multiples, suggests that the market has priced in significant growth expectations.
For readers interested in a more comprehensive analysis, InvestingPro offers 14 additional tips for Zebra Technologies, providing a deeper understanding of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.