Thursday, January 18, 2018 10:15 PM ET
Insider Sales at Foundation Medicine (FMI) Extends the Selling Trend of Last Quarter
Three insiders — Michael J Pellini, Director, Steven J Kafka, Officer, and Robert W Hesslein, Officer — sold 59,457 shares of Foundation Medicine having a market value of approximately $3,838,332, today, as disclosed in form 4 documents filed with the SEC. There have been 7 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 75,739 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 135,196 shares and have averaged 13,520 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Foundation Medicine is higher than its 191-company peer group average. The Biotechnology & Medical Research peer group saw 151 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Foundation Medicine insiders is lower than its peers. Within the peer group there were 25,652,544 shares purchased and 11,225,091 shares sold with company insiders having bought 132,362 shares on average over this time period.
Significant insider buying and selling activity 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 data obtained in creating and writing this story.
Today’s Insider Activity
* Michael J Pellini, Director, sold 37,288 shares
* Steven J Kafka, Officer, sold 4,148 shares
* Robert W Hesslein, Officer, sold 18,021 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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