Tabula Rasa Healthcare (TRHC) sees Significant Insider Sales Extending the Trend of Last Quarter

Tuesday, December 12, 2017 10:15 PM ET

Tabula Rasa Healthcare (TRHC) sees Significant Insider Sales Extending the Trend of Last Quarter

Tabula Rasa Healthcare, today, saw seven insiders listed below, sell 5,290,090 shares having a market value of approximately $102,779,600, as revealed in form 4 documents filed with the SEC. 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 562,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 5,852,090 shares and have averaged 532,008 shares per transaction over this time period.

The level of buy/sell trading at Tabula Rasa Healthcare is is above the 17 peer company average over the last 90-day period. The Medical Software & Technology Services peer group saw 67 buy/sell trades during this period for an average of 3.9 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 2,776,424 shares sold with company insiders having sold 33,246 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 used to evaluate and write this story.

Today’s Insider Activity
* Michael J Gausling, 10% Owner, sold 994,000 shares
* Daniel C Lubin, 10% Owner and Director, sold 657,000 shares
* ORIGINATE GROWTH FUND 1A LP, 10% Owner, sold 309,820 shares
* ORIGINATE GROWTH FUND 1Q LP, 10% Owner, sold 684,180 shares
* Radius Venture Partners, LLC, 10% Owner, sold 657,090 shares
* Eric R Arnson, 10% Owner, sold 994,000 shares
* Glen R Bressner, 10% Owner and Director, sold 994,000 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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