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Allscripts Healthcare Solutions Inc (MDRX) CEO Glen Tullman sells 300,000 Shares

February 22, 2011 | About:
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CEO of Allscripts Healthcare Solutions Inc (MDRX) Glen Tullman sells 300,000 shares of MDRX on 02/18/2011 at an average price of $20.67 a share.

Allscripts Healthcare Solutions Inc. has a market cap of $3.88 billion; its shares were traded at around $20.72 with a P/E ratio of 30.93 and P/S ratio of 5.5.

Hedge Fund Gurus that owns MDRX: Andreas Halvorsen of Viking Global Investors LP, Stanley Druckenmiller of Duquesne Capital Management, LLC, Jim Simons of Renaissance Technologies LLC, Manning & Napier Advisors, Inc, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns MDRX: Ron Baron of Baron Funds, Columbia Wanger of Columbia Wanger Asset Management, RS Investment Management.

This is the annual revenues and earnings per share of MDRX over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of MDRX.


CEO Recent Trades:


  • Sell: CEO Glen Tullman sold 43,995 shares of MDRX stock on 10/28/2010 at the average price of 18.16. Glen Tullman owns at least 1,051,624 shares after this. The price of the stock has increased by 14.1% since.


CFO Recent Trades:


  • Sell: CFO William J Davis sold 29,408 shares of MDRX stock on 10/28/2010 at the average price of 18.16. William J Davis owns at least 309,116 shares after this. The price of the stock has increased by 14.1% since.



This is the insider trade history vs. stock price of MDRX. For the complete insider trading history of MDRX, click here.




Directors and Officers Recent Trades:


  • Sell: Director Edward A Kangas sold 33,617 shares of MDRX stock on 12/01/2010 at the average price of 17.7. Edward A Kangas owns at least 12,000 shares after this. The price of the stock has increased by 17.06% since.

  • Sell: Pres, Hospital Service Group Jeff Surges sold 14,521 shares of MDRX stock on 10/28/2010 at the average price of 18.16. Jeff Surges owns at least 146,965 shares after this. The price of the stock has increased by 14.1% since.

  • Sell: President, COO and Secretary Lee Shapiro sold 29,040 shares of MDRX stock on 10/28/2010 at the average price of 18.16. Lee Shapiro owns at least 341,640 shares after this. The price of the stock has increased by 14.1% since.

  • Sell: President, Enterprise Solution Laurie Mcgraw sold 22,675 shares of MDRX stock on 10/28/2010 at the average price of 18.16. Laurie Mcgraw owns at least 288,818 shares after this. The price of the stock has increased by 14.1% since.



For the complete insider trading history of MDRX, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 5.0/5 (2 votes)

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