Mellanox Technologies, Ltd. (MLNX) Files Form 4 Insider Selling : Shai Cohen Sells 25,000 Shares

Mellanox Technologies, Ltd. (MLNX): Shai Cohen , director of Mellanox Technologies, Ltd. sold 25,000 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $50.17 per share for a total value of $1,254,282.50 , 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 8, 2016, Michael Kagan (CTO & VP of Architecture) sold 3,000 shares at $50.16 per share price.On Jun 7, 2016, Thomas Riordan (director) sold 1,000 shares at $47.89 per share price.Also, On Jun 7, 2016, Marc Sultzbaugh (Sr. VP World Wide Sales) sold 5,000 shares at $49.05 per share price.On Jun 1, 2016, Amal M Johnson (director) sold 3,571 shares at $46.50 per share price.

Shares of Mellanox Technologies Ltd. (MLNX) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.4 points or -0.79% at $50.19 with 6,21,418 shares getting traded. Post opening the session at $50.23, the shares hit an intraday low of $49.75 and an intraday high of $50.56 and the price vacillated in this range throughout the day. The company has a market cap of $2,392 M and the number of outstanding shares has been calculated to be 4,76,49,110 shares. The 52-week high of Mellanox Technologies Ltd. is $55.8 and the 52-week low is $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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