The EVP, Product Segment of Ormat Technologies Inc is Exercising Options
Yesterday it was reported that the EVP, Product Segment of Ormat Technologies Inc (ORA), Shlomi Argas, exercised options to sell 12,819 ORA shares at $42.87 a share, for a total transaction value of $874.9K.
Following Shlomi Argas’ last ORA Sell transaction on October 02, 2017, the stock climbed by 10.5%. In addition to Shlomi Argas, one other ORA executive reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
Based on Ormat Technologies Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $184 million and quarterly net profit of $33.94 million. In comparison, last year the company earned revenue of $178 million and had a GAAP net loss of $343K. ORA’s market cap is $3.62B and the company has a P/E ratio of 40.84. Currently, Ormat Technologies Inc has an average volume of 166.6K.
The insider sentiment on Ormat Technologies Inc has been negative according to 20 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ormat Technologies, Inc. is a holding company, which engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Products, and Other.