Yesterday it was reported that the VP, U.S. Operations of GSI Technology (NASDAQ: GSIT), Ping Tak Wu, exercised options to buy 20,625 GSIT shares at $3.37 a share, for a total transaction value of $69.51K.
Following this transaction Ping Tak Wu’s holding in the company was increased by 19.63% to a total of $872.4K.
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Based on GSI Technology’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $11.27 million and GAAP net loss of $1.65 million. In comparison, last year the company earned revenue of $10.69 million and had a GAAP net loss of $1.51 million. Currently, GSI Technology has an average volume of 50.31K.
The insider sentiment on GSI Technology has been positive according to 22 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Ping Tak Wu’s trades have generated a 4.9% 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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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.
