Knowles Executives Sell Over 50,000 Shares as Stock Jumps 24%
Knowles Corporation's President and CEO sold 50,000 shares at a $24.75 average on January 15 and Senior VP Robert J. Perna sold 3,166 shares at $27.09 on February 10. The share price climbed 24% over that span, with debt-to-equity at 0.19 and current ratio at 2.75.
1. Insider Sales Details
On January 15, President and CEO Jeffrey Niew sold 50,000 shares at a weighted average price of $24.75, representing 5.62% of his holdings. On February 10, Senior Vice President and General Counsel Robert J. Perna sold 3,166 shares at $27.09 each.
2. Stock Performance
Knowles’ share price rose 24% during the period encompassing these transactions, coinciding with the largest open-market insider sale since December 2024. The surge reflects strong market demand for the company's audio technology solutions.
3. Financial Health Metrics
Knowles maintains a low debt-to-equity ratio of 0.19 and a current ratio of 2.75, indicating strong liquidity and conservative leverage. Valuation multiples include a price-to-earnings ratio of 52.76, price-to-sales ratio of 3.90, enterprise value-to-sales ratio of 4.06 and enterprise value-to-operating cash flow ratio of 21.14.