It was reported on April 25, that Jeremy Cox, SVP at Hewlett Packard (NYSE:HPE) executed a significant insider sell, according to an SEC filing.
What Happened: Cox's recent move involves selling 18,323 shares of Hewlett Packard. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value is $310,849.
The latest market snapshot at Friday morning reveals Hewlett Packard shares up by 0.94%, trading at $17.13.
Discovering Hewlett Packard: A Closer Look
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.
A Deep Dive into Hewlett Packard's Financials
Negative Revenue Trend: Examining Hewlett Packard's financials over 3 months reveals challenges. As of 31 January, 2024, the company experienced a decline of approximately -13.5% in revenue growth, reflecting a decrease in top-line earnings. When compared to ...