Tuesday, December 12, 2017 10:15 PM ET
Significant Insider Sales Reported in Shares of Collegium Pharmaceutical (COLL) Extending the Trend of Last Quarter
In SEC filings today Collegium Pharmaceutical reported two insiders — Longitude Capital Partners, LLC, 10% Owner, and David Hirsch, 10% Owner and Director — sold 2,000,000 shares in the company having a market value of approximately $34,680,000. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 50,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,050,000 shares and have averaged 683,333 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Collegium Pharmaceutical is greater than the 116-company peer group average. Pharmaceuticals peer group saw 68 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Collegium Pharmaceutical insiders was also higher. Within the peer group there were 612,995 shares purchased and 2,255,277 shares sold with company insiders disposing of 24,151 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.
Today’s Insider Activity
* Longitude Capital Partners, LLC, 10% Owner, sold 1,000,000 shares
* David Hirsch, 10% Owner and Director, sold 1,000,000 shares
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