The VP & Corp. Contr of Synopsys is Exercising Options


Today it was reported that the VP & Corp. Contr of Synopsys (SNPS), Kankanwadi Sudhindra, exercised options to sell 3,133 SNPS shares at $41.96 a share, for a total transaction value of $381.8K.

Following Kankanwadi Sudhindra’s last SNPS Sell transaction on February 27, 2019, the stock climbed by 21.3%. In addition to Kankanwadi Sudhindra, 2 other SNPS executives reported Sell trades in the last month.

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Based on Synopsys’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $836 million and quarterly net profit of $118 million. In comparison, last year the company earned revenue of $777 million and had a net profit of $102 million. SNPS’s market cap is $18.58B and the company has a P/E ratio of 31.29. Currently, Synopsys has an average volume of 634.5K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $136.25, reflecting a 9.1% upside.

The insider sentiment on Synopsys has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Kankanwadi Sudhindra’s trades have generated a -26.9% 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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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.

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