Today it was reported that the Pres., CEO & COB of GSI Technology (GSIT), Lee-Lean Shu, exercised options to buy 110,313 GSIT shares at $3.43 a share, for a total transaction value of $384.3K. The options were close to expired and Lee-Lean Shu retained stocks.
Following this transaction Lee-Lean Shu’s holding in the company was increased by 21.19% to a total of $17.76 million. In addition to Lee-Lean Shu, one other GSIT executive reported Buy trades in the last month.
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Based on GSI Technology’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $12.69 million and GAAP net loss of $102K. In comparison, last year the company earned revenue of $11.19 million and had a net profit of $265K. Currently, GSI Technology has an average volume of 14.23K.
The insider sentiment on GSI Technology has been positive according to 17 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Lee-Lean Shu’s trades have generated a 8.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
