Today, the Sr. VP World Wide Sales of Mellanox, Marc Sultzbaugh, exercised options of Mellanox (NASDAQ: MLNX) for $1.72M.
Following Marc Sultzbaugh’s last MLNX Sell transaction on May 07, 2018, the stock climbed by 3.8%. In addition to Marc Sultzbaugh, one other MLNX executive reported Sell trades in the last month.
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Based on Mellanox’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $251 million and quarterly net profit of $37.84 million. In comparison, last year the company earned revenue of $189 million and had a GAAP net loss of $12.24 million. MLNX’s market cap is $4.51B and the company has a P/E ratio of 151.75. Currently, Mellanox has an average volume of 591.2K.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $96.75, reflecting a -10.6% downside. Three different firms, including Barclays and Jefferies, currently also have a Sell rating on the stock.
In the last 30 days, insiders have sold $1.87M worth of MLNX shares and purchased $155.6K worth of MLNX shares. The insider sentiment on Mellanox has been negative according to 57 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Marc Sultzbaugh’s trades have generated a -31.6% 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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Mellanox Technologies Ltd. engages in the provision of semiconductor-based interconnect products that facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. Its products include adapters, gateways, switches, integrated circuits, adapter cards, and switch systems.
