Friday, February 23, 2018 10:15 PM ET
Significant Insider buy of Xtant Medical Holdings (XTNT) Shares Breaks neutral Trend of Last Quarter
There was a noteworthy insider purchase in Xtant Medical Holdings shares today as revealed in a filing with the SEC. One insider — ORBIMED ADVISORS LLC, 10% Owner and Director — bought 8,977,749 shares in the company having a net market value of approximately $64,639,793. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Xtant Medical Holdings is near the 93 member peer company average. The Advanced Medical Equipment & Technology peer group saw 120 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares per buy/sell trade transacted by Xtant Medical Holdings insiders is higher. Within the peer group there were 13,920,295 shares purchased and 796,472 shares sold with company insiders having bought 174,984 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 sourced to evaluate and write this story.
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