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  "documentTitle": "Zebra Technologies Corp. (ZBRA)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2024-08-08 00:00:00",
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  "notes": "The slide highlights a divergence between insider behavior and institutional ownership trends.",
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      "text": "In the past decade, Zebra insider ownership has plummeted from 6.5% to just 1% of the equity. Over the same period, institutional investors known for doing fundamental research have either exited or materially reduced their stakes.",
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      "text": "insider ownership: 1.0%",
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      "text": "In the past decade, Zebra insider ownership has plummeted from 6.5% to just 1% of the equity. Over the same period, institutional investors known for doing fundamental research have either exited or materially reduced their stakes. Even index manager Vanguard has not increased its ownership of the Company in four years.",
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      "text": "Sources: Proxy filings",
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      "text": "Insiders Have Little At Risk While Fundamental Investors Have Exited The Stock",
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