What Did This CEO Just Do with Personal Shares of Mellanox (NASDAQ: MLNX)?

By Carrie Williams

Today, the President and CEO of Mellanox (NASDAQ: MLNX), Eyal Waldman, sold shares of MLNX for $99.74K.

In addition to Eyal Waldman, 11 other MLNX executives reported Sell trades in the last month. Following Eyal Waldman’s last MLNX Sell transaction on February 27, 2017, the stock climbed by 1.8%.

Based on Mellanox’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $222 million and quarterly net profit of $9 million. In comparison, last year the company earned revenue of $177 million and had a net profit of $43.2 million. The company has a one year high of $55.80 and a one year low of $38.75. MLNX’s market cap is $2.47B and the company has a P/E ratio of 142.22.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $50.00, reflecting a 0.8% upside.

The insider sentiment on Mellanox has been negative according to 55 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Mellanox Technologies Ltd. engages in the provision of semiconductor-based interconnect products that facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. Its products include adapters, gateways, switches, integrated circuits, adapter cards, and switch systems. The company was founded by Eyal Waldman, Michael Kagan, Shai Cohen, and Roni Ashuri in March 1999 and is headquartered in Yokeneam, Israel.