Monday, December 11, 2017 10:15 PM ET
Insiders Make Significant Stock Sales in Tabula Rasa Healthcare (TRHC) Shares Extending the Trend of Last Quarter
Tabula Rasa Healthcare, today, saw four insiders — Tunstall, Luehrs, Dr Knowlton, and Dr Knowlton — sell 530,000 shares having a market value of approximately $13,730,420, as reported in form 4 documents filed with the SEC. There have been 2 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 32,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 562,000 shares and have averaged 93,667 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Tabula Rasa Healthcare is higher than the 17-company peer group average. Medical Software & Technology Services peer group saw 63 buy/sell trades during this period for an average of 3.7 transactions per company. The number of shares per buy/sell trade for Tabula Rasa Healthcare insiders was also higher. Within the peer group there were 548,933 shares purchased and 2,246,424 shares sold with company insiders having sold 26,944 shares on average.
To bring into focus 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 in data used to create and write this story.
Today’s Insider Activity
* Gordon Tunstall, Director, sold 15,000 shares
* Bruce Luehrs, Director, sold 269,000 shares
* Dr Orsula V Knowlton, 10% Owner, Director and Officer, sold 123,000 shares
* Dr Calvin H Knowlton, 10% Owner, Director and Officer, sold 123,000 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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