Penumbra (PEN) sees Significant Insider Sales Extending the Trend of Last Quarter

Thursday, January 04, 2018 10:15 PM ET

Penumbra (PEN) sees Significant Insider Sales Extending the Trend of Last Quarter

There was substantial level of selling of Penumbra shares today, as revealed in filings with the SEC. Two insiders — Robert D Evans, Officer, and Thomas Wilder, Director — sold 40,345 shares in the company having a market value of approximately $3,627,212. There have been 6 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 300,929 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 341,274 shares and have averaged 42,659 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Penumbra is above the 8-company peer group average. Medical Equipment peer group saw 41 buy/sell trades during this period for an average of 5.1 transactions per company. The number of shares per buy/sell trade for Penumbra insiders was also higher. Within the peer group there were 223,789 shares purchased and 474,978 shares sold with company insiders having sold 6,127 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 obtained to evaluate and write this story.

Today’s Insider Activity
* Robert D Evans, Officer, sold 40,000 shares
* Thomas Wilder, Director, sold 345 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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