Monday, November 27, 2017 10:15 PM ET
Penumbra (PEN) sees Significant Insider Sales Extending the Trend of Last Quarter
Four insiders — Dr Bose, Elsesser, Kosaraju, and Pray — today, disposed of 31,661 shares of Penumbra having a market value of approximately $3,329,996, as disclosed in form 4 documents filed with the SEC. There have been 8 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 260,632 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 292,293 shares and have averaged 24,358 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Penumbra is higher than its 8-company peer group average. The Medical Equipment peer group saw 38 buy/sell trades during this period for an average of 4.8 transactions per company. However, the number of shares traded per transaction by Penumbra insiders is lower than its peers. Within the peer group there were 537,500 shares purchased and 5,161,419 shares sold with company insiders selling 121,682 shares on average over this time period.
The data sourced in creating 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
* Dr Arani Bose, Director and Officer, sold 11,620 shares
* Adam Elsesser, Director and Officer, sold 10,135 shares
* Sridhar Kosaraju, Officer, sold 4,818 shares
* James Robert Pray, Officer, sold 5,088 shares
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