Mellanox Technologies, Ltd. (MLNX) Files Form 4 Insider Selling : Michael Kagan Sells 3,000 Shares

Mellanox Technologies, Ltd. (MLNX): Michael Kagan , CTO & VP of Architecture of Mellanox Technologies, Ltd. sold 3,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $50.16 per share for a total value of $150,347.20 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, Thomas Riordan (director) sold 1,000 shares at $47.89 per share price.On Jun 7, 2016, Marc Sultzbaugh (Sr. VP World Wide Sales) sold 5,000 shares at $49.05 per share price.Also, On Jun 1, 2016, Amal M Johnson (director) sold 3,571 shares at $46.50 per share price.On May 19, 2016, Glenda Dorchak (director) sold 1,500 shares at $42.82 per share price.

Mellanox Technologies Ltd.: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Mellanox Technologies Ltd. which led to swings in the share price. The shares opened for trading at $49 and hit $50.29 on the upside , eventually ending the session at $50.26, with a gain of 2.18% or 1.07 points. The heightened volatility saw the trading volume jump to 7,41,314 shares. The 52-week high of the share price is $55.8 and the company has a market cap of $2,395 M . The 52-week low of the share price is at $32.24.

Mellanox Technologies Ltd. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Mellanox Technologies Ltd. is Initiated by Brean Capital to Buy. The Rating was issued on May 9, 2016.Mellanox Technologies Ltd. is Reiterated by FBN Securities to Sector Perform while Lowering the Price Target of the company shares to $ 50 from a previous price target of $52 . The Rating was issued on Apr 21, 2016.

Mellanox Technologies Ltd. is a fabless semiconductor company. The Company designs manufactures and sells interconnect products and solutions based on the InfiniBand and Ethernet standards. Its products facilitate data transmission between servers storage systems communications infrastructure equipment and other embedded systems. Its products include integrated circuits (ICs) adapter cards switch systems cables modules software services and accessories for networking solution focused on computing storage and communication applications used in multiple markets including high-performance computing Web 2.0 storage financial services enterprise data center and cloud. Its InfiniBand products include adapter ICs and cards (ConnectX and Connect-IB product family) and switch ICs (InfiniScale SwitchX SwitchX-2 and Switch-IB product families) and systems gateway ICs (BridgeX product family) and gateway systems long-haul systems (MetroX) software cables and modules.

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