Monday, September 25, 2017 10:15 PM ET
Versartis (VSAR) sees Significant Insider Selling
A filing with the SEC today revealed a notable insider sale of Versartis shares as — Perceptive Advisors Llc, 10% Owner — disposed of 2,130,000 shares in the company having a market value of approximately $7,013,552. This is the first insider buy/sell trade in the past 90 days.
Versartis level of buy-sell trading activity is close to the 266 member peer company average. The Bio Therapeutic Drugs peer group saw 305 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares per buy/sell trade transacted by Versartis insiders is higher. Within the peer group there were 8,560,303 shares purchased and 15,581,997 shares sold with company insiders selling 23,022 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.
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