Monday, September 25, 2017 10:15 PM ET
Significant Insider Buying of Apollo Endosurgery (APEN) Shares Extends the Trend of Last 90 Days
There were substantial insider purchases of Apollo Endosurgery shares today, as shown in filings with the SEC as three insiders — PTV Sciences II Lp, 10% Owner, Matthew S Crawford, 10% Owner and Director, and Rick D Anderson, 10% Owner and Director — purchased 528,000 shares in the company having a net market value of approximately $2,056,170. There have been 8 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the acquisition of 4,004,542 company shares and the disposition of 50,130 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 4,482,412 shares and have averaged 416,607 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Apollo Endosurgery is higher than the 8-company peer group average. Medical Equipment peer group saw 30 buy/sell trades during this period for an average of 3.8 transactions per company. The number of shares per buy/sell trade for Apollo Endosurgery insiders was also higher. Within the peer group there were 4,024,542 shares purchased and 5,135,640 shares sold with company insiders selling 37,037 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to compose and write this story.
Today’s Insider Activity
* PTV Sciences II Lp, 10% Owner, bought 176,000 shares
* Matthew S Crawford, 10% Owner and Director, bought 176,000 shares
* Rick D Anderson, 10% Owner and Director, bought 176,000 shares
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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