Garmin CFO Boessen Sells 1,859 Shares at $215 per Share on July 3, 2025

Garmin Ltd. [GRMN] has announced that its Chief Financial Officer and Treasurer, Boessen Douglas G., has sold 1,859 shares at a price of $215 per share on July 3, 2025.

Garmin Ltd. [GRMN] announced that its Chief Financial Officer and Treasurer, Boessen Douglas G., sold 1,859 shares at a price of $215 per share on July 3, 2025. The transaction was disclosed in a recent SEC filing [1]. This sale represents a 10% decrease in his ownership of the company's stock, following the completion of the transaction.

The sale was part of a Rule 10b5-1 trading plan adopted by Boessen Douglas G. on March 3, 2025. The plan includes 17,947 unvested shares acquired pursuant to previously granted restricted stock unit awards and 69 shares acquired in June 2025 under the Garmin Ltd. Employee Stock Purchase Plan [1].

The sale comes amidst significant institutional activity in Garmin's stock. First Horizon Advisors Inc. reduced its holdings by 4.9% during the first quarter, selling 6,050 shares [2]. Meanwhile, hedge funds such as Aster Capital Management DIFC Ltd. and TFC Financial Management Inc. significantly increased their stakes in Garmin during the fourth quarter [2].

Garmin's stock has seen mixed analyst ratings and price targets recently. Barclays lowered its price objective on Garmin from $188.00 to $152.00 and set an "underweight" rating, while JPMorgan Chase & Co. lowered its price target from $220.00 to $215.00 with a "neutral" rating [2]. Morgan Stanley, however, raised its price target from $159.00 to $172.00 with an "underweight" rating [2].

Garmin's stock traded up 0.3% on Friday, July 4, 2025, hitting $214.05. The company's stock had a trading volume of 496,760 shares, compared to its average volume of 906,271 [2]. The stock's 52-week low is $160.71, and the 52-week high is $246.50. The company's 50-day simple moving average is $201.88, and the 200-day simple moving average is $206.94 [2].

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities, and workouts, and wellness data; and Connect IQ, an application development platform [2].

References:
[1] https://www.streetinsider.com/SEC+Filings/Form+4+GARMIN+LTD+For%3A+Jul+03+Filed+by%3A+Boessen+Douglas+G./25024310.html
[2] https://www.marketbeat.com/instant-alerts/filing-first-horizon-advisors-inc-lowers-stock-holdings-in-garmin-ltd-nysegrmn-2025-07-03/