John Schnatter (Insider Trades), CEO, founder, chairman and 10% owner of Papa John’s International Inc. (NASDAQ:PZZA), sold 52,358 shares of the company on Oct. 12. The average price per share was $78.08 for a total transaction of $4,088,113. Papa John’s International is the third-largest pizza delivery company with a market cap of $2.87 billion.
There is no clear linear increasing or decreasing trend in the number or volume of insider purchases made since 2013. In 2013, there were 11 insider sells totaling 99,636 shares of the company, and in the following year there were 7 insider sells totaling 87,584 shares. In 2015, the number of insider shares and total volume of insider shares sold rose to 16 transactions, totaling 609,661 shares. There have been 12 Papa John's insider sells, amounting to 384,647 shares sold, in 2016 to date. Schnetter sold 92.41% of total shares sold in 2016 to date in 9 transactions. For more information about insider trades with Papa John's, click here. Continue Reading »