Today it was reported that the EVP, Sales & Corp Marketing of Synopsys (NASDAQ: SNPS), Joseph Logan, exercised options to sell 20,000 SNPS shares at $32.38 a share, for a total transaction value of $2.03M.
Following Joseph Logan’s last SNPS Sell transaction on May 29, 2018, the stock climbed by 14.4%.
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Based on Synopsys’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $780 million and quarterly net profit of $79.41 million. In comparison, last year the company earned revenue of $696 million and had a net profit of $117 million. SNPS’s market cap is $15.17B and the company has a P/E ratio of 276.03. Currently, Synopsys has an average volume of 1.18M.
The insider sentiment on Synopsys has been negative according to 45 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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Synopsys, Inc. engages in the provision of software products and consulting services in the electronic design automation industry. It provides intellectual property products, which are pre-designed circuits that engineers use as components of larger chip designs, as well as software and hardware that are used to develop the electronic systems that incorporate chips and the software that runs on the circuits. It also offers technical services to support the customers in industries such as electronics, financial services, energy, and industrials for developing chips and electronic systems. The company was founded by Aart J. de Geus, Bill Krieger, Dave Gregory, and Rick Rudell in December 1986 and is headquartered in Mountain View, CA.
