MillerKnoll, Inc. (NASDAQ:MLKN) Insider Richard Scott Sells 528 Shares

MillerKnoll, Inc. (NASDAQ:MLKNGet Rating) insider Richard Scott sold 528 shares of MillerKnoll stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $30.96, for a total value of $16,346.88. Following the transaction, the insider now owns 2,838 shares in the company, valued at $87,864.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Richard Scott also recently made the following trade(s):

  • On Wednesday, July 20th, Richard Scott sold 570 shares of MillerKnoll stock. The shares were sold at an average price of $28.36, for a total value of $16,165.20.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN traded up $0.06 during trading on Thursday, hitting $31.20. 371,199 shares of the company were exchanged, compared to its average volume of 463,088. The company has a market capitalization of $2.37 billion, a P/E ratio of -57.78 and a beta of 1.21. MillerKnoll, Inc. has a 1-year low of $25.39 and a 1-year high of $44.40. The business’s 50 day moving average is $28.67 and its 200-day moving average is $32.41. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.97.

MillerKnoll (NASDAQ:MLKNGet Rating) last posted its quarterly earnings data on Wednesday, June 29th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. MillerKnoll had a positive return on equity of 9.50% and a negative net margin of 0.78%. MillerKnoll’s quarterly revenue was up 77.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut their price target on MillerKnoll from $60.00 to $50.00 in a research note on Thursday, June 30th.

Institutional Trading of MillerKnoll

A number of institutional investors have recently bought and sold shares of MLKN. BlackRock Inc. bought a new position in shares of MillerKnoll during the 1st quarter worth about $288,708,000. Vanguard Group Inc. bought a new position in MillerKnoll in the 1st quarter valued at about $245,927,000. Beutel Goodman & Co Ltd. bought a new position in MillerKnoll in the 1st quarter valued at about $188,349,000. Scharf Investments LLC purchased a new stake in MillerKnoll in the 2nd quarter valued at about $97,750,000. Finally, State Street Corp purchased a new stake in MillerKnoll in the 1st quarter valued at about $85,709,000. Institutional investors own 92.32% of the company’s stock.

MillerKnoll Company Profile

(Get Rating)

MillerKnoll, Inc manufactures and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Retail segments. The company offers seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Verus, Cosm, Lino, Verus, Celle, Equa, Taper, and Ergon names; and modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, Prospect, Overlay, Resolve, and OE1 names.

Further Reading

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