Insider Selling: Harmonic (NASDAQ:HLIT) SVP Sells 31,766 Shares of Stock

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 31,766 shares of Harmonic stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $13.24, for a total value of $420,581.84. Following the sale, the senior vice president owned 133,924 shares in the company, valued at $1,773,153.76. This represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Harmonic Stock Down 4.9%

HLIT stock traded down $0.65 during midday trading on Friday, hitting $12.69. 815,373 shares of the company’s stock were exchanged, compared to its average volume of 1,251,755. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 0.31. Harmonic Inc. has a 12-month low of $7.80 and a 12-month high of $15.39. The firm has a 50 day moving average price of $10.22 and a 200-day moving average price of $10.12. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -34.23 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.The business had revenue of ($53.02) million for the quarter, compared to analysts’ expectations of $140.98 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Harmonic’s revenue for the quarter was down 42.6% compared to the same quarter last year. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. On average, analysts anticipate that Harmonic Inc. will post 0.35 EPS for the current year.

Wall Street Analyst Weigh In

HLIT has been the subject of a number of research analyst reports. Rosenblatt Securities boosted their price target on Harmonic from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. Barclays boosted their price target on Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings downgraded Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Needham & Company LLC boosted their price target on Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target on shares of Harmonic in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Harmonic currently has an average rating of “Hold” and an average target price of $16.60.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HLIT. Arrowstreet Capital Limited Partnership grew its stake in Harmonic by 290.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock worth $9,981,000 after buying an additional 729,269 shares during the last quarter. Walleye Capital LLC acquired a new stake in Harmonic in the fourth quarter worth about $7,182,000. Renaissance Technologies LLC grew its position in Harmonic by 120.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock valued at $9,455,000 after buying an additional 575,800 shares in the last quarter. Lazard Asset Management LLC increased its stake in Harmonic by 249.1% during the 2nd quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock valued at $6,808,000 after buying an additional 513,022 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Harmonic by 37.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,371,746 shares of the communications equipment provider’s stock worth $12,990,000 after acquiring an additional 371,302 shares during the period. 99.38% of the stock is currently owned by institutional investors.

Harmonic Company Profile

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high‐quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real‐time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set‐top video processing platforms for traditional pay‐TV operators, alongside cloud‐native software for over‐the‐top (OTT) delivery, origin servers and content delivery network (CDN) services.