A Director at AXT (NASDAQ: AXTI) is Selling Shares

By Carrie Williams

Yesterday, a Director at AXT (AXTIResearch Report), Jesse Chen, sold shares of AXTI for $55.6K.

See today’s analyst top recommended stocks >>

Based on AXT’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $20.72 million and GAAP net loss of -$178,000. In comparison, last year the company earned revenue of $20.21 million and had a GAAP net loss of $1.1 million. The company has a one-year high of $5.91 and a one-year low of $1.85. Currently, AXT has an average volume of 227.57K.

The insider sentiment on AXT has been positive according to 10 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Jesse Chen’s trades have generated a 11.3% 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.

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.

AXT, Inc. engages in the design, development, manufacture, and distribution of compound and single element semiconductor substrates. It also sells specialty material substrates and raw materials used to make substrates and other related products. The company was founded by Morris S. Young and Davis Zhang in December 1986 and is headquartered in Fremont, CA.