Silicon Graphics International Corp Director Sells $187,304 in Stock (SGI)
Silicon Graphics International Corp (NYSE:SGI) Director Hagi Schwartz sold 21,333 shares of Silicon Graphics International Corp stock on the open market in a transaction dated Friday, August 8th. The stock was sold at an average price of $8.78, for a total value of $187,303.74. Following the transaction, the director now directly owns 18,750 shares of the company’s stock, valued at approximately $164,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SGI has been the subject of a number of recent research reports. Analysts at Needham & Company LLC initiated coverage on shares of Silicon Graphics International Corp in a research note on Thursday, August 7th. They set a “hold” rating on the stock. Analysts at DA Davidson cut their price target on shares of Silicon Graphics International Corp from $12.25 to $9.50 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock.
Silicon Graphics International Corp (NYSE:SGI) traded down 1.53% on Tuesday, hitting $8.99. 289,558 shares of the company’s stock traded hands. Silicon Graphics International Corp has a 52-week low of $8.16 and a 52-week high of $16.60. The stock has a 50-day moving average of $9.28 and a 200-day moving average of $10.72. The company’s market cap is $309.7 million.
Silicon Graphics International Corp (NYSE:SGI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.12) by $0.11. The company had revenue of $142.00 million for the quarter, compared to the consensus estimate of $138.33 million. During the same quarter last year, the company posted $0.17 earnings per share. Silicon Graphics International Corp’s revenue was down 17.0% compared to the same quarter last year. Analysts expect that Silicon Graphics International Corp will post $0.12 EPS 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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