iRythm Technologies (IRTC) sees Significant Insider Selling Continuing

Monday, February 26, 2018 10:15 PM ET

iRythm Technologies (IRTC) sees Significant Insider Selling Continuing

One insider — Vijay K Lathi, Director — today, disposed of 45,723 shares of iRythm Technologies having a market value of approximately $3,000,037, 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 320,193 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 365,916 shares and have averaged 121,972 shares per transaction over this time period.

The level of buy-sell trading at iRythm Technologies is near the 1 member peer company average. The Medical Monitoring Systems peer group saw 3 buy/sell trades during this period for an average of 3.0 transactions per company. However, the number of shares per buy/sell trade transacted by iRythm Technologies insiders is higher. Within the peer group there were 0 shares purchased and 320,193 shares sold with company insiders selling 106,731 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 compose and write 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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