A Director at Ormat Technologies Inc is Exercising Options

Yesterday it was reported that a Director at Ormat Technologies Inc (ORAResearch Report), David Granot, exercised options to sell 7,500 ORA shares at $47.46 a share, for a total transaction value of $530.3K.

Following David Granot’s last ORA Sell transaction on June 10, 2019, the stock climbed by 8.2%. In addition to David Granot, 2 other ORA executives reported Sell trades in the last month.

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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. The company has a one-year high of $72.58 and a one-year low of $49.01. ORA’s market cap is $3.67B and the company has a P/E ratio of 41.55.

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.

David Granot’s trades have generated a -2.9% 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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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.