Today, the Pres., CEO & COB of GSI Technology, Lee-Lean Shu, exercised options of GSI Technology for $400K. The options were close to expired and Lee-Lean Shu retained stocks.
This recent transaction increases Lee-Lean Shu’s holding in the company by 5.73% to a total of $13.8 million. In addition to Lee-Lean Shu, one other GSIT executive reported Buy trades in the last month.
Based on GSI Technology’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $11.19 million and quarterly net profit of $265K. In comparison, last year the company earned revenue of $10.39 million and had a GAAP net loss of $1.35 million. Currently, GSI Technology has an average volume of 28.49K.
The insider sentiment on GSI Technology has been positive according to 21 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. designs, develops and markets 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.