On January 21, 2026, Matthijs Glastra, the Chief Executive Officer of Novanta Inc. (NASDAQ:NOVT), sold 7,500 shares of the company’s stock at a unit price of $140. The aggregate value of this transaction totaled $1.05 million. This sale took place while Novanta’s share price hovered around $138, which is near 10% below its 52-week high mark of $153.20. Despite the recent dip from its peak, the stock has exhibited robust performance, appreciating by 16.2% since the beginning of the calendar year.
Following this share disposition, CEO Glastra's direct ownership stands at 71,367 shares. Additionally, he maintains an indirect stake of 54,382 shares through the Matthijs Glastra 2021 Irrevocable Trust. Notably, Novanta’s price-to-earnings ratio is currently 93.9, a metric that, according to InvestingPro’s valuation methodologies, suggests the stock may be somewhat overvalued relative to its intrinsic fair value.
The trade was conducted pursuant to a pre-established Rule 10b5-1 trading plan, which Glastra implemented on September 11, 2025. This arrangement is managed through a trust where the CEO's spouse serves as trustee, indicating a planned approach to insider trading compliance. Investors should be cognizant of Novanta’s stock price volatility, highlighted by a beta value of 1.6, pointing to higher synchroneity with overall market fluctuations.
Looking ahead, Novanta is scheduled to release its next earnings report on February 24, 2026. Meanwhile, recent corporate developments include a revision of the company’s financial outlook for both the fourth quarter and the full 2025 fiscal year. Specifically, non-GAAP adjusted diluted earnings per share for Q4 are now projected between $0.84 and $0.91, a slight downward adjustment from the previous estimate of $0.87 to $0.93. For the entire fiscal year 2025, the forecasted adjusted diluted EPS range has been narrowed to $3.21 to $3.28, down marginally from an earlier range of $3.24 to $3.30.
In addition to earnings guidance updates, Novanta recently announced a public offering consisting of 11 million tangible equity units, priced at $50 each. This issuance is expected to generate approximately $550 million, comprising prepaid stock purchase contracts alongside senior amortizing notes maturing in 2028. Furthermore, the company has granted underwriters a 30-day option to procure up to an additional 1.65 million units to manage any potential over-allotments. These transactions have been formally reported through filings with the Securities and Exchange Commission.