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

Continued Level of Significant Insider Selling at Primoris Services (PRIM)

10:19PM ET 6/11/2019 MT Newswires
A substantial insider sale of the shares of Primoris Services was disclosed in a form 4 document filed with the SEC today, showing -- Brian Pratt, 10% Owner and Director -- sold 300,000 shares in the company having a market value of approximately $5,700,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 623,059 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 923,059 shares and have averaged 461,530 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 the 45-company peer group average. Construction & Engineering peer group saw 40 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Primoris Services insiders was also higher. Within the peer group there were 1,033,592 shares purchased and 894,700 shares sold with company insiders acquiring 5,144 shares on average.

The data obtained in composing and writing in this story eliminates 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.