A substantial insider sell was reported on December 7, by Charles Liang, President and CEO at Super Micro Computer (NASDAQ:SMCI), based on the recent SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday outlined that Liang executed a sale of 50,000 shares of Super Micro Computer with a total value of $12,608,750.
As of Friday morning, Super Micro Computer shares are up by 1.87%, currently priced at $260.95.
Delving into Super Micro Computer's Background
Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.
A Deep Dive into Super Micro Computer's Financials
Revenue Growth: Super Micro Computer's remarkable performance in 3 months is evident. As of 30 ...