Primoris Services Corp PRIM:NASDAQ

Last Price$22.35NASDAQ Previous Close - Last Trade as of 4:00PM ET 12/11/19

Today's Change+0.10(0.45%)
Bid (Size)$22.33 (27)
Ask (Size)$22.35 (22)
Day Low / High$22.18 - 22.62
Volume121.2 K

Insider Trends: 90-Day Insider Selling Trend Prolonged at Primoris Services

3:24PM ET 6/10/2019 MT Newswires
Brian Pratt, 10% Owner and Director, sold 300,000 shares in Primoris Services (PRIM) for $5,700,000 on Jun 10, 2019. Pratt, following the transactions outlined in the Form 4 SEC filing, controls 5,729,417 shares of company stock of which 1,587,896 shares are held directly and 4,141,521 shares are owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $107.9 million.

During the most recent 90-day period, previous to the date of this filing, there have been 6 insider transactions reported to the SEC for Primoris Services. These transactions came from the activities of 2 separate insiders that resulted in a net disposition of 531,215 company shares. This compares with the preceding 90-day window of time where there were 9 transactions from 6 insiders and resulted in the net disposition of 151,963 shares.

This level of insider transactions is lower than the peer group average in the 45-company Construction & Engineering peer group over the last 90-day period. Activity in the peer group averaged 36.5 transactions per company, and disposition of 138 shares on average.

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