SiTime (NASDAQ:SITM) Insider Sells $1,170,916.95 in Stock

SiTime (NASDAQ:SITM) insider Piyush Sevalia sold 2,419 shares of the company’s stock for over $1.17 million on April 17th, reducing his stake by 2.79%. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Despite beating EPS and revenue estimates in its last earnings report, the company still showed negative net margins and return on equity, and analysts currently hold a “Moderate Buy” rating with a consensus price target of $415.63.

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