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Christopher P. Gillette, a director at Transcat Inc. (NASDAQ:TRNS), recently sold 456 shares of the company’s common stock, totaling $54,697. The shares were sold at a price of $119.95 each on October 8, 2024. The sale occurred well above the current trading price of $91.32, with the stock having declined 13% over the past six months. According to InvestingPro analysis, Transcat, with a market capitalization of $851 million, is currently trading above its Fair Value. Following this transaction, Gillette no longer holds any shares of the company’s common stock directly.
In addition to the stock sale, Gillette holds 704 restricted stock units, which are set to vest on September 11, 2025, as per the award agreement. He also possesses stock options for 10,000 shares, exercisable at a price of $109.55 per share, with a vesting schedule that spans five years from the date of grant.
In other recent news, Transcat Inc. reported robust financial results for the fourth quarter of fiscal year 2025, surpassing analyst expectations with an earnings per share (EPS) of $0.68, compared to the forecasted $0.65. The company’s revenue also exceeded projections, reaching $77.13 million against a forecast of $76.67 million. These results have led to a positive reception from analysts, with Craig-Hallum raising Transcat’s stock price target to $105 and maintaining a Buy rating, citing strong margins and profitability in the Service Segment. H.C. Wainwright also increased its price target to $116, highlighting Transcat’s return to normalized organic growth and its strategic acquisitions, such as Martin Calibration. Northland, however, maintained its Market Perform rating with an $85 target, noting that the stock is trading at a fair value despite the company’s effective expense management and revenue growth. The recent developments underscore Transcat’s strategic focus on service integration and automation, which are expected to drive future growth amidst macroeconomic uncertainties.
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