Silicon Graphics International Corp CEO Jorge Titinger Sells 9,714 Shares (SGI)
Silicon Graphics International Corp (NYSE:SGI) CEO Jorge Titinger unloaded 9,714 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $14.00, for a total transaction of $135,996.00. Following the sale, the chief executive officer now directly owns 4,953 shares of the company’s stock, valued at approximately $69,342. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at DA Davidson initiated coverage on shares of Silicon Graphics International Corp in a research note to investors on Friday, November 22nd. They set a “neutral” rating and a $13.00 price target on the stock. Analysts at FBN Securities downgraded shares of Silicon Graphics International Corp from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, October 31st. They now have a $15.00 price target on the stock, down previously from $16.00. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $16.80.
Shares of Silicon Graphics International Corp (NYSE:SGI) traded up 1.52% on Wednesday, hitting $14.06. The stock had a trading volume of 439,438 shares. Silicon Graphics International Corp has a 52-week low of $10.01 and a 52-week high of $20.98. The stock has a 50-day moving average of $12.89 and a 200-day moving average of $14.72. The company’s market cap is $481.7 million.
Silicon Graphics International Corp (NYSE:SGI) last announced its earnings results on Wednesday, October 30th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $147.50 million for the quarter, compared to the consensus estimate of $147.00 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 23.5% on a year-over-year basis. On average, analysts predict that Silicon Graphics International Corp will post $0.33 earnings per share for the current fiscal year.
Silicon Graphics International Corp. is a technical computing company. The Company develops, markets, and sells a range of computing servers and data storage, as well as differentiating software.
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