Insider Sales at Cutera (CUTR) are Significant and Extend the Selling Trend of Last Quarter

Monday, November 20, 2017 10:15 PM ET

Insider Sales at Cutera (CUTR) are Significant and Extend the Selling Trend of Last Quarter

In SEC filings today Cutera disclosed two insiders — David B Apfelberg, Director, and J Daniel Plants, Director — sold 281,000 shares in the company having a market value of approximately $12,362,550. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 22,672 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 303,672 shares and have averaged 50,612 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Cutera is higher than the 2-company peer group average. Laser Equipment peer group saw 9 buy/sell trades during this period for an average of 4.5 transactions per company. The number of shares per buy/sell trade for Cutera insiders was also higher. Within the peer group there were 0 shares purchased and 22,672 shares sold with company insiders selling 2,519 shares on average.

The data obtained in evaluating and writing in this story eliminates 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.

Today’s Insider Activity
* David B Apfelberg, Director, sold 1,000 shares
* J Daniel Plants, Director, sold 280,000 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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