Marvell Technology SVP Scarpulla sells $300,949 in shares

Justin Scarpulla, Chief Accounting Officer at Marvell Technology, sold 1,100 shares of the company's stock on October 8, 2026, for a total of $300,949. The stock was bought at $273.59 per share. After the sales, Mr. Scarpulla still owns 909 shares of Marvell Technology common stock. The transaction occurred as Marvell Technology shares were trading at $275.28 after a 222% increase over the past year.

The stock's valuation appears significantly inflated according to InvestingPro analysis, with the company trading at a P/E ratio of 92.13, indicating it is among the most overvalued stocks. Mr. Scarpulla's insider sale was authorized by Blair Walters, the company's Attorney-in-Fact. Recent analyst updates have focused on Marvell Technology, with Stifel maintaining a Buy rating, BMO Capital raising its price target to $325, Wolfe Research increasing it to $375, and RBC Capital raising it to $425.

These positive outlooks stem from the company's strong leadership in optical components, particularly in 1.6T transimpedance amplifiers and drivers, as well as its improved financial projections for AI data center growth and custom silicon advancements.