Insider Selling: Silicon Graphics International Corp Director Unloads 9,666 Shares of Stock (SGI)
Silicon Graphics International Corp (NYSE:SGI) Director Gary A. Griffiths sold 9,666 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $9.14, for a total transaction of $88,347.24. Following the completion of the sale, the director now directly owns 23,719 shares of the company’s stock, valued at approximately $216,792. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Silicon Graphics International Corp (NYSE:SGI) traded down 1.08% on Friday, hitting $9.18. The stock had a trading volume of 61,474 shares. Silicon Graphics International Corp has a 1-year low of $8.16 and a 1-year high of $16.60. The stock’s 50-day moving average is $9.17 and its 200-day moving average is $10.54. The company’s market cap is $316.2 million.
Silicon Graphics International Corp (NYSE:SGI) last released its earnings data on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, analysts predict that Silicon Graphics International Corp will post $0.12 earnings per share for the current fiscal year.
Separately, 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.
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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