Pattern Group (NASDAQ:PTRN) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Pattern Group (NASDAQ:PTRN – Free Report) to a hold rating in a research note issued to investors on Saturday.

Pattern Group Stock Performance

NASDAQ PTRN opened at $13.97 on Friday. Pattern Group has a 52-week low of $12.00 and a 52-week high of $16.00.

Insider Buying and Selling at Pattern Group

In other news, Director Daniel Gay sold 1,300,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $13.02, for a total transaction of $16,926,000.00. Following the completion of the transaction, the director directly owned 829,475 shares of the company’s stock, valued at approximately $10,799,764.50. This trade represents a 61.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David K. Wright sold 9,414,286 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $13.02, for a total transaction of $122,574,003.72. Following the transaction, the chief executive officer directly owned 29,418,585 shares of the company’s stock, valued at $383,029,976.70. The trade was a 24.24% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Pattern Group Company Profile

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At Pattern, we are on a mission to help brands accelerate profitable growth on global ecommerce marketplaces. Today, our proprietary technology and on-demand experts operate across more than 60 marketplaces to increase product sales to consumers in more than 100 countries. Utilizing more than 46 trillion data points and sophisticated machine learning and artificial intelligence (“AI”) models, we strive to optimize and automate key levers of ecommerce growth, including advertising, content creation and management, pricing, forecasting and customer service.

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