Primo Water Corporation (PRMW) CFO Sells $83,390.00 in Stock
Primo Water Corporation (NASDAQ:PRMW) CFO Mark Castaneda sold 6,200 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $13.45, for a total value of $83,390.00. Following the completion of the sale, the chief financial officer now owns 236,113 shares in the company, valued at approximately $3,175,719.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mark Castaneda also recently made the following trade(s):
- On Friday, December 1st, Mark Castaneda sold 30,569 shares of Primo Water stock. The shares were sold at an average price of $13.00, for a total value of $397,397.00.
Shares of Primo Water Corporation (NASDAQ:PRMW) traded down $0.18 during mid-day trading on Friday, hitting $12.84. The company’s stock had a trading volume of 119,903 shares, compared to its average volume of 195,411. Primo Water Corporation has a 52-week low of $10.47 and a 52-week high of $15.39. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.82 and a current ratio of 0.99.
A number of equities analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $17.50 target price on shares of Primo Water in a research note on Sunday, August 13th. Zacks Investment Research lowered Primo Water from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. ValuEngine lowered Primo Water from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Barrington Research increased their price target on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.10.
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About Primo Water
Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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