Today it was reported that the CSO of Arrow Electronics (ARW), Mary Catherine Morris, exercised options to sell 13,016 ARW shares at $40.49 a share, for a total transaction value of $976.2K.
In addition to Mary Catherine Morris, one other ARW executive reported Sell trades in the last month.
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Based on Arrow Electronics’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7.49 billion and quarterly net profit of $177 million. In comparison, last year the company earned revenue of $6.95 billion and had a net profit of $135 million. ARW’s market cap is $6.57B and the company has a P/E ratio of 12.41. Currently, Arrow Electronics has an average volume of 741.1K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $80.33, reflecting a 5.0% upside.
The insider sentiment on Arrow Electronics has been negative according to 90 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Arrow Electronics, Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions . It operates through two segments: Global Components Business and Global Enterprise Computing Solutions. The Global Components segment involves in the marketing and distribution of electronic components and provides a range of value added capabilities throughout the entire life cycle of technology products and services through design engineering. global marketing, and integration, global logistics and supply chain management. The Global Enterprise Computing Solutions segment provides computing solutions, and services which include datacenter, cloud, security, and analytics solutions. The company was founded by Robert W. Wentworth and John C. Waddell in 1935 and is headquartered in Centennial, CO.
