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Significant Insider Selling in Shares of Energy Recovery (ERII) Continues

05/07/2021 18:33

10:20 PM EDT, 05/07/2021 (MT Newswires) -- An insider -- As Arvarius, 10% Owner -- disposed of 1,000,000 shares of Energy Recovery having a market value of approximately $19,500,000 today, as disclosed in a form 4 document filed with the SEC. There have been 3 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 79,767 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,079,767 shares and have averaged 269,942 shares per transaction over this time period.

Insider buy/sell trading at Energy Recovery is greater than the 25 peer company average over the last 90-day period. The Industrial Machinery peer group saw 31 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Energy Recovery insiders was also higher. Within the peer group there were 2,500 shares purchased and 148,806 shares sold with company insiders disposing of 4,720 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.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.