Two insiders bought and one exercised options and sold shares at the computer storage company over the quarter. CEO Stephen Luczo bought 200,000 shares of the company for $6 million, an average of $30.17 each, on February 2. Joining him that same day was Phillip Brace, president of CSES, who bought 5,000 shares for $145,500, an average of $29.10 each. Edward Zander, a director, exercised options and sold 28,200 shares for $897,600, an average of $31.83 each, on February 18.
InsiderScore noted that Luczo has been a frequent seller at the company. “We think Luczo is a thoughtful buyer and that his intent was to back-up his assertion on the company’s recent conference call that the stock is “attractive at these levels,”” wrote InsiderScore. “Luczo’s individual buys are listed in the table below along with a chart showing his personal buy/sell history over the last 10 years.”
Seagate is expected to report third-quarter earnings before the market open on April 29. Analysts most recently forecast average EPS of 40 cents. Shares are down 4% for the past three months, and down 38% for the past six months.
Lannett Company Inc. (NYSE:LCI) had eight different insiders purchase shares last week, so let’s take a look at the most noteworthy purchases. To begin with, Chief Executive Officer Arthur P. Bedrosian snapped up 4,500 shares last Friday at a cost of $24.91 per share, lifting his overall holding to 618,016 shares. Kevin R. Smith, Vice President of Sales and Marketing, bought 1,500 shares on the same day at $24.75 apiece and currently owns 15,735 shares. Moreover, Director Jeffrey Farber acquired 5,000 shares last week for $24.48 each, enlarging his stake to 2.42 million shares. Vice President of Finance and Chief Financial Officer Martin P. Galvan purchased 3,000 shares at a price of $24.65 per share and now holds a 38,397-share stake. Lastly, 2,500 shares were bought at $24.57 each by Director Albert R. Paonessa III, who currently owns a mere 3,030 shares.