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Avidan Akerib, Vice President, Associative Computing at GSI Technology INC (NASDAQ:GSIT), sold 189,998 shares of common stock on November 4th and 5th, for a total of $1.69 million. The sales were executed at weighted average prices ranging from $8.5418 to $9.0462.
The GSI Technology executive sold 135,286 shares on November 4th at prices ranging from $8.79 to $9.295, and 54,732 shares on November 5th at prices ranging from $8.50 to $8.80.
On the same dates, Akerib also exercised options to acquire a total of 189,998 shares of GSI Technology common stock at an exercise price of $3.40, for a total value of $646061.
In other recent news, GSI Technology Inc. reported its fiscal second-quarter 2026 earnings, showcasing a net revenue increase to $6.4 million from $4.6 million in the same quarter the previous year. Despite this revenue growth, the company recorded a net loss of $0.11 per share. GSI Technology has provided forward guidance, indicating an anticipated revenue range of $6.0 million to $6.8 million for the upcoming quarter. These recent developments have captured the attention of investors and analysts alike. While the company’s stock experienced a decline in trading, the focus remains on its financial performance and future projections. The earnings report and guidance offer insights into GSI Technology’s current financial health and expectations. Investors are closely monitoring these updates as they assess the company’s trajectory.
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