Wednesday, March 07, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Primoris Services (PRIM)
There was a significant sale of shares of Primoris Services by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Brian Pratt, 10% Owner and Director — sold 451,415 shares in the company having a market value of approximately $11,783,940. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 19,522 company shares and the sale of 63,057 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 494,950 shares and have averaged 76,285 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Primoris Services is higher than its 41-company peer group average. The Construction & Engineering peer group saw 22 buy/sell trades during this period for an average of 0.5 transactions per company. However, the number of shares traded per transaction by Primoris Services insiders is lower than its peers. Within the peer group there were 20,522 shares purchased and 7,437,983 shares sold with company insiders having sold 337,157 shares on average over this time period.
In order to focus on 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 data sourced to compose and write this story.
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