Jeffrey F. Schmitz, Chief People Officer of Zebra Technologies Corp (NASDAQ:ZBRA), reported notable transactions involving the company's Class A common stock. On November 6, Schmitz executed a series of transactions, including selling a total of 687 shares for approximately $266,097. The sales were conducted at prices ranging from $384.77 to $388.32 per share.
In addition to the sales, Schmitz acquired 344 shares through an exercise transaction priced at $149.57 per share, totaling $51,452. Furthermore, an additional transaction involving the disposition of 153 shares occurred at $385.78 per share, amounting to $59,024.
Following these transactions, Schmitz holds 9,694 shares directly. These moves are part of Schmitz's ongoing management of his equity holdings in Zebra Technologies, a leading provider of industrial machinery and equipment.
In other recent news, Zebra Technologies, a leader in enterprise asset intelligence, reported strong Q3 growth and raised its outlook for the year. The company announced Q3 sales of nearly $1.3 billion, a 31% increase year-on-year, and non-GAAP diluted earnings per share of $3.49, a 300% rise from the previous year. Contributing to this growth were strong performances across all primary end markets, including mobile computing, data capture, and printing sales.
Zebra Technologies also improved its EBITDA margin to 21.4%, a significant increase of 980 basis points. The company has raised its full-year outlook, projecting adjusted EBITDA margins of approximately 21% and expecting non-GAAP diluted earnings per share to be between $13.30 and $13.50.
Despite the optimism, Zebra Technologies anticipates a decline in Q4 gross margin due to an increase in larger deal volumes. Moreover, visibility for large projects in 2025 remains cautious due to macroeconomic factors such as interest rates and inflation. However, the company's strategic initiatives, like the acquisition of Matrox and the development of AI-enabled enterprise mobile computers, indicate a strong approach to navigating the evolving market landscape.
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 seen a remarkable 92.39% price total return over the past year, with a 23.46% return in just the last three months. This upward trend aligns with the insider transactions reported by Jeffrey F. Schmitz, suggesting a potentially positive outlook for the company.
InvestingPro Tips highlight that Zebra Technologies is trading near its 52-week high, with the current price at 99.17% of its peak. This information, coupled with the fact that 15 analysts have revised their earnings upwards for the upcoming period, indicates growing confidence in the company's financial prospects.
However, investors should note that Zebra Technologies is trading at a high earnings multiple, with a P/E ratio of 53.95. This valuation metric suggests that the stock may be priced at a premium compared to its earnings, which could be a consideration for value-oriented investors.
For those 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.
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