CEO Nimrod buys 7,780 shares at $9.65 avg for $75.1K as stock down -20.8% in 30 days
Ben-Natan Nimrod, President and CEO of Harmonic Inc, executed 4 separate purchases totaling 7,780 shares for $75,060.93 on 2025-02-13 at an average price of $9.65, increasing his holdings to 347,797 shares (+2.3%). The timing coincides with material near-term price weakness: the stock has declined -20.8% over the preceding 30 days and trades at $9.79, a discount of -33.9% from its 52-week high of $14.82. Additionally, a cluster pattern shows 2 other insiders bought within the past 14 days, suggesting broader insider appetite at depressed levels. Company fundamentals appear stable with $195.8M in latest quarterly revenue and $21.7M net income, though annual revenue growth stands at -2.7% and the stock trades at a P/E of 13.41, reflecting modest valuation. The CEO's open-market history shows 2 prior sells with a 100% well-timed rate at the 90-day mark, suggesting demonstrated timing acumen, though this buy's ultimate performance cannot be characterized as well-timed or poorly-timed until 90 days elapse.