Thursday, March 01, 2018 10:15 PM ET
Nevro (NVRO) Insider Makes Significant Share Sale
A SEC filing today revealed a significant insider sale of Nevro shares as — Dr Wilfred E Jaeger, Director — disposed of 39,458 shares in the company having a market value of approximately $3,243,208. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trades at Nevro is close to that of the 83 member peer company average. The Medical Equipment, Supplies & Distribution peer group saw 87 buy/sell trades during this period for an average of 1.0 transactions per company. However, trading at Nevro represents a lower number of shares per transaction. Within the peer group there were 4,236,939 shares purchased and 8,413,623 shares sold with company insiders having sold 48,008 shares on average over this time period.
In determining significant insider buying and selling, 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 used 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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