Insider Buying: Nimrod Ben-natan Acquires Additional Shares of Harmonic Inc (HLIT)

On February 13, 2025, Nimrod Ben-natan, President and Chief Executive Officer of Harmonic Inc’s subsidiary, purchased 7,780 shares of Harmonic Inc (HLIT, Financial). Following this transaction, the insider now holds a total of 347,797 shares in the company. The details of this transaction can be found in the SEC Filing.
Harmonic Inc is a company that provides video delivery software, products, system solutions, and services that enable media companies and service providers to deliver broadcast and on-demand video services to consumers globally. The company operates in two segments: Video and Cable Access.
The recent purchase by the insider is part of a broader trend observed over the past year, where there have been two insider buys and three insider sells within the company. Notably, Nimrod Ben-natan has purchased a total of 7,780 shares over the past year and has not sold any shares during this period.
On the day of the recent purchase, shares of Harmonic Inc were trading at $9.65, giving the stock a market cap of $1.142 billion. The company’s price-earnings ratio stands at 29.67, which is higher than the industry median of 23.495 but lower than the company’s historical median price-earnings ratio.
The stock’s GF Value is estimated at $13.94, resulting in a price-to-GF-Value ratio of 0.69. This indicates that the stock is significantly undervalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, along with future estimates of business performance from Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.