Insider Selling: Data I/O Corporation (DAIO) VP Sells 4,028 Shares of Stock
Data I/O Corporation (NASDAQ:DAIO) VP Rajeev Gulati sold 4,028 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $8.92, for a total value of $35,929.76. Following the transaction, the vice president now owns 94,365 shares of the company’s stock, valued at $841,735.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Rajeev Gulati also recently made the following trade(s):
- On Monday, October 9th, Rajeev Gulati sold 5,000 shares of Data I/O Corporation stock. The stock was sold at an average price of $8.86, for a total value of $44,300.00.
- On Wednesday, October 11th, Rajeev Gulati sold 14,028 shares of Data I/O Corporation stock. The stock was sold at an average price of $9.20, for a total value of $129,057.60.
- On Tuesday, September 12th, Rajeev Gulati sold 13,452 shares of Data I/O Corporation stock. The stock was sold at an average price of $8.34, for a total value of $112,189.68.
Data I/O Corporation (NASDAQ:DAIO) traded up 2.48% on Wednesday, hitting $9.93. The company had a trading volume of 57,589 shares. The stock’s 50-day moving average price is $8.99 and its 200 day moving average price is $7.62. Data I/O Corporation has a one year low of $3.41 and a one year high of $10.30. The company has a market capitalization of $81.15 million, a P/E ratio of 23.15 and a beta of 1.41.
Data I/O Corporation (NASDAQ:DAIO) last posted its quarterly earnings results on Thursday, July 27th. The electronics maker reported $0.14 earnings per share for the quarter. Data I/O Corporation had a return on equity of 21.22% and a net margin of 12.14%. The business had revenue of $9.14 million for the quarter. On average, analysts expect that Data I/O Corporation will post ($0.10) EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Data I/O Corporation by 15.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 325,713 shares of the electronics maker’s stock worth $2,589,000 after buying an additional 44,089 shares during the period. Vanguard Group Inc. raised its stake in Data I/O Corporation by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 272,922 shares of the electronics maker’s stock worth $2,170,000 after buying an additional 16,514 shares during the period. EAM Investors LLC acquired a new position in Data I/O Corporation during the 2nd quarter worth approximately $495,000. Spark Investment Management LLC raised its stake in Data I/O Corporation by 120.7% during the 2nd quarter. Spark Investment Management LLC now owns 61,800 shares of the electronics maker’s stock worth $491,000 after buying an additional 33,800 shares during the period. Finally, Virtu KCG Holdings LLC raised its stake in Data I/O Corporation by 58.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 37,357 shares of the electronics maker’s stock worth $297,000 after buying an additional 13,833 shares during the period. 24.70% of the stock is currently owned by institutional investors and hedge funds.
About Data I/O Corporation
Data I/O Corporation provides programming and associated intellectual property management solutions. The Company’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory-based intelligent devices. It designs, manufactures and sells programming systems used by designers and manufacturers of electronic products.
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