Insider Buying at 3 Companies Amid Historically Low Insider Buying, Plus Insider Selling at 2 Companies

Insiders at Software Company Offload Shares After Release of Strong Earnings Report

Two different insiders at Citrix Systems Inc. (NASDAQ:CTXS) have discarded shares over the past several trading sessions. To start with, Chris S. Hylen, Senior Vice President and General Manager of Mobility Apps at Citrix Systems, sold 2,250 shares on Tuesday at a weighted average price of $84.82 per share, cutting his overall holding to 37,657 shares. Moreover, the software company’s Executive Chairman, Robert Calderoni, offloaded 19,888 shares on Friday at prices varying from $85.75 to $85.90 per share, a sale that trimmed his ownership stake to 124,454 shares.

Mr. Calderoni was made Executive Chairman last July after activist hedge fund Elliott Management took at 7.1% stake in the company. In June 2015, the activist hedge fund led by Paul Singer sent a letter to the company’s former CEO urging changes and the sale of some of its assets, arguing that the company’s shares could reach $100, when they were then trading at around $65 per share. While they have yet to reach that level, they have touched the $90 mark and are up by 11% this year.

The insider selling comes shortly after Citrix Systems Inc. (NASDAQ:CTXS) released better-than-expected results for the quarter ended September 30 and raised its outlook for the year. The company’s revenue for the quarter rose by 3.4% year-over-year to $841 million, a figure that beat analysts’ expectations of $827 million. Algert Coldiron Investors, founded by Peter Algert and Kevin Coldiron, reported ownership of around 18,000 shares of Citrix Systems Inc. (NASDAQ:CTXS) through the 13F filing period for the September quarter.

Board Member of Mesa Laboratories Sells Shares

One member of Mesa Laboratories Inc. (NASDAQ:MLAB)’s Board sold some shares this past week. H. Stuart Campbell, Chairman of the company’s Board of Directors, liquidated 4,000 shares on Friday at $119.02 apiece. Following the recent sale, Mr. Campbell currently holds an ownership stake of 63,930 shares.

The market value of the developer and manufacturer of quality control instruments and disposable products has increased by 25% since the start of the year. In early-August, Mesa Laboratories Inc. (NASDAQ:MLAB) purchased the CC Gels business from Rapid Aid Corporation, the business that operated as the exclusive supplier of cold chain packaging gel products for Mesa. Mesa Laboratories uses CC Gels in its validated cold chain packaging solutions sold to the pharmaceutical and life sciences industries. At the beginning of October, the company’s Board approved a quarterly dividend of $0.16 per share, which equates to an annual dividend yield of 0.51%. Royce & Associates, founded by Chuck Royce, owned 54,000 shares of Mesa Laboratories Inc. (NASDAQ:MLAB) on June 30.

Disclosure: None