Significant Insider Selling in Shares of Tabula Rasa Healthcare (TRHC) Continues

Thursday, February 22, 2018 10:15 PM ET

Significant Insider Selling in Shares of Tabula Rasa Healthcare (TRHC) Continues

There was a notable sale of shares of Tabula Rasa Healthcare by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Bruce Luehrs, Director — sold 252,242 shares in the company having a market value of approximately $8,649,599. There have been 11 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 5,852,090 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 6,104,332 shares and have averaged 508,694 shares per transaction over this time period.

Tabula Rasa Healthcare insider trading represents a level of buy/sell trades that is above for the 18 peer company average over the last 90-day period. The Medical Software & Technology Services peer group saw 56 buy/sell trades during this period for an average of 3.1 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 558,284 shares purchased and 6,728,385 shares sold with company insiders having sold 110,180 shares on average.

The data sourced in creating and writing in this story eliminates 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.

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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