Insider Selling at Primoris Services (PRIM) Continues with Significant Sale

Friday, September 22, 2017 10:15 PM ET

Insider Selling at Primoris Services (PRIM) Continues with Significant Sale

There was a substantial sale of shares of Primoris Services by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Brian Pratt, 10% Owner and Director — sold 225,000 shares in the company having a market value of approximately $6,427,123. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,004,245 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,229,245 shares and have averaged 614,623 shares per transaction over this time period.

The level of buy/sell trading at Primoris Services is is above the 40 peer company average over the last 90-day period. The Construction & Engineering peer group saw 23 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Primoris Services insiders was also higher. Within the peer group there were 98,850 shares purchased and 1,283,745 shares sold with company insiders having sold 51,517 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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