PerkinElmer (NYSE:PKI) provides products, services, and solutions to the diagnostics, research, environmental, industrial, and laboratory services markets worldwide.
Insider selling during the last 30 days
Here is a table of PerkinElmer's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Option Exercise & Sale||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|James Corbett||SVP||June 19||57,126||Yes||Yes||21,858 shares + 6,262 options||67.0%|
|Robert Friel||CEO||June 5-9||249,715||Yes||Yes||532,310
shares + 1,026,135
|Maurice Tenney||SVP||June 9||5,504||Yes||Yes||28,999 shares + 18,979 options||10.3%|
|Patrick Sullivan||Director||June 5||10,000||Yes||No||27,294
shares + 36,561 options
|Alexis Michas||Director||June 2-5||15,000||No||No||81,821 shares + 49,512
|Joel Goldberg||SVP||June 2||17,000||No||Yes||50,859
shares + 157,324 options
There have been 354,345 shares sold by insiders during the last 30 days. James Corbett, Robert Friel, Maurice Tenney, and Joel Goldberg sold their shares pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of PerkinElmer's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 967,763 shares sold and there have been zero shares purchased by insiders since January 2013. The month of June 2014 has seen the most insider selling.
PerkinElmer reported the first-quarter financial results on April 24 with the following highlights:
|Net income||$34.2 million|
The six insiders sold their shares after these results.
PerkinElmer's guidance is as follows:
|Qtrly Rev Growth (yoy):||0.05||-0.00||0.22||0.00|
|PEG (5 yr expected):||1.97||2.08||1.37||2.14|
PerkinElmer has the highest P/E ratio among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only PerkinElmer has seen intensive insider selling during the last 30 days.
There have been six different insiders selling PerkinElmer and there have not been any insiders buying PerkinElmer during the last 30 days. Five of these six insiders decreased their holdings by more than 10%. PerkinElmer has an insider ownership of 0.96%.
Before going short PerkinElmer, I would like to get a bearish confirmation from the Point & Figure chart. The two main reasons for the proposed short entry are a relatively high P/E ratio, and the intensive insider-selling activity.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.