Key insights
- AXT Inc. director Jesse Chen sold approximately $1.48 million in shares between June 8-10. This insider selling occurs as the stock is down 20% over the past week, despite a significant yearly gain. The stock appears overvalued according to InvestingPro analysis. While the company recently beat Q1 2026 earnings and revenue expectations, the director's disposal of shares suggests potential caution or personal liquidity needs, which could weigh on investor sentiment.
Jesse Chen, a director at AXT Inc. (NASDAQ:AXTI), disposed of common stock totaling approximately $1.48 million through a series of sales between June 8 and June 10. The weighted average transaction prices for these sales ranged from $86.73 to $94.00 per share.
On June 8, Mr. Chen sold 6,000 shares of AXT Inc. common stock at a weighted average price of $94.00 per share. The individual sale prices for this block ranged from $91.12 to $95.88.
The following day, June 9, he sold an additional 1,500 shares at a price of $93.30 per share.
On June 10, Mr. Chen disposed of 9,000 shares at a weighted average price of $86.73 per share. The prices for individual sales in this block ranged from $83.00 to $90.00.
Following these transactions, Mr. Chen directly holds 78,447 shares of AXT Inc. common stock.The insider sales come as AXTI stock trades at $85.29, down roughly 20% over the past week despite an extraordinary 4,296% gain over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. Investors seeking deeper insights can access AXTI’s comprehensive Pro Research Report, one of 1,400+ available for US equities.
In other recent news, AXT Inc. reported a notable performance in its Q1 2026 earnings. The company achieved an earnings per share (EPS) of -$0.01, outperforming the anticipated -$0.05, which represents an 80% surprise. Additionally, AXT Inc.’s revenue reached $26.9 million, exceeding the forecast of $26.75 million. These results highlight the company’s ability to surpass market expectations in both earnings and revenue. Analysts and investors have shown positive sentiment in response to these developments. The earnings surprise and revenue growth have been focal points for investors assessing the company’s recent performance. This marks a significant moment for AXT Inc., as it continues to navigate the financial landscape.
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