Insider Trends: Selling By Insiders Lingers at Syneos Health
09:50 PM EDT, 05/10/2021 (MT Newswires) -- Advent International Corp, 10% Owner, sold 4,008,318 shares of Syneos Health (SYNH) on May 06, 2021, for $324,834,091. Advent International, following the transactions outlined in the Form 4 SEC filing, indirectly controls 6,756,431 shares of the company, with a market value, based on the prior-day closing price, of $560 million.
Over the last 90 days, previous to the date of this filing, there have been 30 insider transactions reported to the SEC for Syneos Health. These transactions came from the activities of 11 different insiders that resulted in a net disposition of 25,390,481 company shares. This compares with the preceding 90-day window of time where there were 36 transactions from 10 insiders which resulted in the net disposition of 12,496,256 shares.
This level of insider transactions is less than the peer group average in the 207-company Biotechnology & Medical Research peer group over the last 90-day period. Peer group activity averaged 66.0 transactions per company, with company insiders acquiring on average 45,380 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1610950/000114036121016736/xslF345X03/form4.xml
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