Hussain Muhammad Raghib

MRVL President sells 150,000 shares ($12.1M) at $80.50; holds 700.4K shares post-sale amid -7.0% annual revenue decline.

Hussain Muhammad Raghib, President of Products & Tech, sold 150,000 shares (150.0K shares) for $12,075,000.00 ($12.1M) on 2024-10-15 at $80.50, reducing his holdings from 850,403 shares (850.4K shares) to 700,403 shares (700.4K shares). His prior sale at MRVL on 2024-07-08 exhibited well-timed execution, with a 90-day return of -2.1% (stock declined after the sale). The current sale occurs against a backdrop of fundamental pressure: the company reported Revenue $1,272,900,000.00 ($1.3B) in the latest quarter with Net income $-193,300,000.00 ($-193.3M), annual revenue growth of -7.0%, and full-year unprofitability. While the stock has appreciated +9.8% over the past 30 days and +20.2% over 90 days, the insider retains a substantial position of 700.4K shares post-transaction, indicating continued material ownership despite the sale.

Marvell President of Products & Tech sold 50,000 shares for $3.8M as company reported -$215.6M quarterly loss.

Hussain Muhammad Raghib, President of Products & Tech at Marvell Technology, sold 50,000 shares at $75.00 on 2024-07-08 for $3,750,000.00, reducing his holdings to 838,571 shares (a 5.6% reduction). The transaction occurs in a context where Marvell reported negative net income of $-215,600,000.00 in its latest quarter and experienced annual revenue decline of -7.0% versus the prior fiscal year, indicating the company remains unprofitable. The stock is currently priced at $73.84, down 13.2% from its 52-week high of $85.09, though up 8.6% over the prior 30 days. This sale by a senior executive during a period of operating losses and revenue contraction in a $63.9B market-cap company may warrant attention regarding near-term visibility into business conditions, particularly given the scale of the loss reported.