Sandeep Bharathi Sells Shares of Marvell Technology

Marvell's President of Data Center Group, Sandeep Bharathi, sold 2,231 shares on June 16 under a planned sale.

Written by EarningsIQ · Published Jun 17, 2026, 6:01 PM EDT · Updated Jun 17, 2026, 8:01 PM EDT

Key Points

Sandeep Bharathi, President of Data Center Group at Marvell, sold 2,231 shares on June 16, 2026, for $667,359.03.
Shares of Marvell Technology traded at $278.67 with a market cap of $243.78 billion and a P/E ratio of 106.36.
Analysts maintain a strong buy consensus with recent price targets ranging from $225 to $345.

Sandeep Bharathi, the President of the Data Center Group at Marvell Technology, Inc. (NasdaqGS: MRVL), sold 2,231 shares of the company on June 16, 2026. The shares were sold at an average price of $299.13, bringing the total transaction value to approximately $667,359.03. This sale was conducted under a pre-arranged Rule 10b5-1 trading plan.

Insider Buying and Selling at Marvell Technology, Inc.

On June 16, 2026, Sandeep Bharathi executed a planned sale of 2,231 shares at an average price of $299.13. This transaction followed a series of other trades by Bharathi on June 15, 2026, including both sales and a purchase, indicating active management of his holdings. Additionally, on June 15, 2026, Marvell's CEO, Matthew Murphy, sold 7,500 shares at $298.76 under a planned arrangement.

Other Institutional Activity in Marvell Technology

Several major institutional investors have recently adjusted their positions in Marvell Technology. FMR LLC increased its holdings by 4,438,241 shares, ending with a total of 131,255,670 shares valued at approximately $13 billion. BlackRock, Inc. also boosted its stake by 4,036,492 shares to 63,842,984 shares, worth about $6.32 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported large holdings of 39,105,225 and 33,218,111 shares, respectively. Meanwhile, State Street Corp added 503,590 shares for a total of 23,338,406 shares valued at $2.31 billion.

Marvell Technology Stock Snapshot

Shares of Marvell Technology are currently trading at $278.67. The company boasts a market capitalization of approximately $243.78 billion. Its P/E ratio stands at 106.36, with a forward P/E of 45.15. The stock has shown volatility with a beta of 2.277, and its 52-week range is between $61.44 and $324.20. Marvell's 50-day moving average is $190.42, while the 200-day moving average is $110.70.

Analysts Set New Price Targets

Analysts continue to show confidence in Marvell Technology with several firms maintaining a "buy" rating. On June 12, 2026, Rosenblatt reiterated its buy rating with a price target of $240. B. Riley Securities also maintained its buy rating, setting a high target of $345. UBS, Citigroup, Barclays, JP Morgan, Jefferies, and Roth Capital have all maintained buy ratings with targets ranging from $225 to $275. The consensus among analysts is a strong buy with an average target price of $235.70, based on 41 analyst opinions.

About Marvell Technology

Marvell Technology, Inc. is a leading player in the semiconductor industry, providing data infrastructure solutions. Headquartered in Wilmington, Delaware, the company develops system-on-a-chip architectures that integrate analog, mixed-signal, and digital signal processing functionalities. Marvell serves a variety of markets, including data centers and communications, offering a wide range of products from ethernet solutions to storage controllers. The company is led by CEO Matthew J. Murphy and employs approximately 7,480 people globally.

Bottom Line

The recent insider sale by Sandeep Bharathi is part of a planned strategy and doesn't necessarily reflect a negative outlook on Marvell Technology. The company's stock remains a point of interest for investors, with its strong market presence and robust analyst support. As this was a planned sale, it is important for investors to consider the broader context of Marvell's performance and market position.