Today, a Director at GSI Technology, Arthur Whipple, exercised options of GSI Technology (NASDAQ: GSIT) for $19.05K.
This recent transaction increases Arthur Whipple’s holding in the company by 20% to a total of $229.5K. Following Arthur Whipple’s last GSIT Buy transaction on August 07, 2017, the stock climbed by 0.6%.
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Based on GSI Technology’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $11.19 million and quarterly net profit of $265K. In comparison, last year the company earned revenue of $10.39 million and had a GAAP net loss of $1.35 million. Currently, GSI Technology has an average volume of 29.56K.
In the last 30 days, insiders have sold $154.1K worth of GSIT shares and purchased $19.05K worth of GSIT shares. The insider sentiment on GSI Technology has been positive according to 19 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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GSI Technology, Inc. engages in the design and development of high performance memory products for networking, military, medical, automotive and other applications. It offers long product support life cycles, short lead times, the largest high performance memory product portfolio in the market and complete pre and post-sale support.
