Harmonic Inc. CEO Nimrod Ben-Natan Sells Shares

Nimrod Ben-Natan, the President and CEO of Harmonic Inc. (NasdaqGS: HLIT), sold 20,032 shares of the company on June 11, 2026. This transaction was not part of a pre-planned trading program.

Other Institutional Activity in Harmonic Inc.

Several institutional investors have recently adjusted their stakes in Harmonic Inc. BlackRock, Inc. reduced its position by 79,504 shares, holding 19,165,249 shares valued at approximately $172.1 million. Vanguard Portfolio Management LLC initiated a new position with 6,134,553 shares worth about $55.1 million. State Street Corp increased its holdings by 389,765 shares, ending with 4,860,952 shares valued at $43.7 million. Vanguard Capital Management LLC also started a new position with 4,700,354 shares valued at $42.2 million. Dimensional Fund Advisors LP added 188,293 shares, bringing their total to 3,673,398 shares, valued at about $32.9 million.

Harmonic Inc. Stock Snapshot

Shares of Harmonic Inc. are trading at $14.93. The company has a market capitalization of approximately $1.62 billion. It holds a forward P/E ratio of 19.2, indicating a more optimistic earnings expectation. The stock has a beta of 1.306, suggesting it is more volatile than the market. Over the past year, the stock price has ranged between $7.80 and $17.68. Its 50-day moving average is $12.32, while the 200-day moving average is $10.57. Harmonic Inc. has a current ratio of 2.265 and a quick ratio of 0.907, indicating decent liquidity.

Recent Earnings

Harmonic Inc. reported revenue of $397.3 million, with a notable revenue growth rate of 43.4%. Despite this growth, the company posted a net margin of -10.6%, reflecting ongoing challenges in profitability. The return on equity stands at 2.1%. The company is expected to release its next earnings report on July 27, 2026.

Insider Buying and Selling at Harmonic Inc.

On June 11, 2026, Nimrod Ben-Natan, President and CEO, sold 20,032 shares. On the same day, Walter Jankovic, the Chief Financial Officer, sold 732 shares at an average price of $14.51. Additionally, Jankovic acquired 1,457 shares earlier at no cost. Neven Haltmayer, SVP & GM of the Video Business, bought 2,725 shares on June 1, 2026, without a purchase price.

Analysts Set New Price Targets

On June 15, 2026, Rosenblatt maintained its "buy" rating on Harmonic Inc., setting a price target of $20.0. Needham also maintained a "buy" rating with an $18.0 target on May 12, 2026. Barclays kept a "hold" rating with a $15.0 target on the same date. The consensus target price is $15.29, based on seven analyst opinions.

About Harmonic Inc.

Harmonic Inc., headquartered in San Jose, California, provides broadband access solutions globally. The company offers software-based solutions for broadband operators, including cloud-native software and various hardware products like DAA nodes and OLT modules. Harmonic also provides technical support and professional services for its products. Founded in 1988, the company employs around 521 people and is led by CEO Nimrod Ben-Natan.

Bottom Line

Harmonic Inc.'s CEO, Nimrod Ben-Natan, recently sold 20,032 shares, a move that investors may track for insights into executive sentiment. The company continues to experience revenue growth but faces profitability challenges. As always, insider transactions are reported after the fact and may not indicate current intentions or future performance.