The SVP and GM, Edge Business of Harmonic Inc (NASDAQ: HLIT) is Selling Shares

By Carrie Williams

Today, the SVP and GM, Edge Business of Harmonic Inc (NASDAQ: HLIT), Nimrod Ben-Natan, sold shares of HLIT for $112.1K.

In addition to Nimrod Ben-Natan, 16 other HLIT executives reported Sell trades in the last month. This is Ben-Natan’s first Sell trade following 6 Buy transactions.

Based on Harmonic Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $113 million and GAAP net loss of $10.44 million. In comparison, last year the company earned revenue of $86.6 million and had a GAAP net loss of $7.2 million. The company has a one year high of $6.18 and a one year low of $2.51. Currently, Harmonic Inc has an average volume of 372.6K.

In the last 30 days, insiders have sold $1.24M worth of HLIT shares and purchased $354.9K worth of HLIT shares. The insider sentiment on Harmonic Inc has been positive according to 31 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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Harmonic, Inc. engages in the design, manufacture, and sale of video infrastructure products and system solutions. It creates, prepares, and delivers video and broadband services to consumer devices including televisions, personal computers, laptops, tablets, and smart phones. The firm operates through the Video and Cable Edge segments. The Video segment sells video processing and production and playout solutions and services worldwide to service providers as well as to broadcast and media companies, including streaming new media companies. The Cable Edge segment markets cable edge solutions and related services to cable operators globally. The company was founded in June 1988 and headquartered in San Jose, CA.