Yesterday it was reported that the CFO of GSI Technology (GSIT), Douglas Schirle, exercised options to buy 2,625 GSIT shares at $4.00 a share, for a total transaction value of $10.5K. The options were close to expired and Douglas Schirle retained stocks.
Following this transaction Douglas Schirle’s holding in the company was increased by 5.51% to a total of $381.6K. Following Douglas Schirle’s last GSIT Buy transaction on June 25, 2018, the stock climbed by 0.8%.
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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 $11.27 million and had a GAAP net loss of $1.65 million. Currently, GSI Technology has an average volume of 70.4K.
The insider sentiment on GSI Technology has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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GSI Technology, Inc. engages in the design, development and marketing of memory products primarily for the networking, and telecommunications markets. Its product includes Static Random Access Memory, or SRAM, which incorporated in networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations and network access equipment. It also offers services to the ongoing needs of the military, industrial, test and measurement equipment, automotive and medical markets for SRAMs .The company was founded by Lee-Lean Shu and Robert Yau in March 1995 and is headquartered in Sunnyvale, CA.
