Heavy Insider Selling at Prologis Inc. (PLD) and PRA Health Sciences Inc. (PRAH), Plus Insider Buying at 3 Other Companies

Notable Insider Selling Registered at Global Contract Research Organization

A member of PRA Health Sciences Inc. (NASDAQ:PRAH)‘s executive team offloaded a sizable block of shares at the end of the previous week. David W. Dockhorn, Executive Vice President and Compliance Officer, discarded his entire 107,257-share stake on Friday for $49.00  per share.

The shares of the global contract research organization that provides outsourced clinical development services to the biotechnology and pharmaceutical industries are 13% in the green thus far in 2016. PRA Health Sciences Inc. (NASDAQ:PRAH) reported service revenue of $394.2 million for the second quarter of 2016, an increase of 17.2% year-over-year. The increase was mainly attributable to an increase in billable hours, as well as changes to the contract pricing terms on the company’s mix of active studies. Marshall Wace LLP, founded by Paul Marshall and Ian Wace, was the owner of around 900,000 shares of PRA Health Sciences Inc. (NASDAQ:PRAH) at the end of the second quarter.

Insider Selling at Leading Warehouse Owner

An executive at Prologis Inc. (NYSE:PLD) also discarded a chunk of his stake this past week. Gary E. Anderson, the Chief Executive Officer of Europe and Asia since June 2011, sold out of his entire stake of 33,043 common shares on Friday at prices varying from $54.25 to $54.29 per share. Mr. Anderson now holds 1,663 shares of Prologis through his 401(k) plan, as well as 100,000 Restricted Stock Units (RSU’s) that have vested, and an additional 412,666 RSU’s that have yet to vest.

The global leader in logistics real estate has seen its market value increase by 25% since the beginning of January. Prologis Inc. (NYSE:PLD), the world’s biggest warehouse owner, had core funds from operations, the benchmark for measuring profitability of real estate investment trusts (REIT’s), of $324 million for the second quarter, up from $274 million reported a year earlier. The REIT’s second quarter revenue rose to $602 million from $510 million posted in the same period of the prior year. The company’s strategy involves investing in logistics facilities in the world’s primary population centers, as well as facilities supported by extensive transportation infrastructure. Israel Englander’s Millennium Management LLC has 1.02 million shares of Prologis Inc. (NYSE:PLD) among its holdings as of the end of June.

Disclosure: None