Yesterday, the President, CEO and COB of Netlist (NLST – Research Report), Chun Hong, bought shares of NLST for $ 1.08 million.
This is Hong’s first buy transaction after 16 sell transactions. Following Chun Hong’s latest NLST buy transaction on March 8, 2021, the stock rose 5.4%.
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Based on Netlist’s latest earnings report for the quarter ending June 30, the company reported quarterly revenue of $ 64.36 million and quarterly net profit of $ 27.78 million. In comparison, last year the company achieved sales of $ 10.91 million and a GAAP net loss of $ 1.83 million. The company has a one-year high of $ 10.20 and a one-year low of $ 0.43. Currently, Netlist has an average volume of 805.72K.
In the past 30 days, insiders have sold $ 2.18 million in NLST shares and purchased $ 1.08 million in NLST shares. Insider sentiment on Netlist has been positive according to 21 insider trades over the past three months. This sentiment is slightly higher than the average sentiment of insiders of companies in this sector.
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Netlist, Inc. is engaged in the design, manufacture and sale of memory subsystems for the computer and communications markets. Its products include NVvault, a flash memory-based subsystem that enables data retention for weeks after a disaster; EXPRESSvault, a PCI Express backup and restore solution for cache data protection, and a robust portfolio of specialized, high-performance DIMMs. The company was founded by Jayesh Bhakta, Chun Ki Hong, and Christopher Lopes in June 2000 and is headquartered in Irvine, California.