Insider at PetMed Express (PETS) Makes Significant Sale of Stock

Tuesday, January 16, 2018 10:15 PM ET

Insider at PetMed Express (PETS) Makes Significant Sale of Stock

One PetMed Express insider Menderes Akdag, Director and Officer, today, disposed of 40,000 shares having a market value of approximately $2,060,000, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 21,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 61,000 shares and have averaged 20,333 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at PetMed Express is greater than the 2-company peer group average. Retail – Drugs without Grocery peer group saw 2 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for PetMed Express insiders was also higher. Within the peer group there were 0 shares purchased and 21,000 shares sold with company insiders disposing of 10,500 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing this story.

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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