Pattern Group (NASDAQ:PTRN) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

Pattern Group (NASDAQ:PTRN – Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Pattern Group Trading Down 5.0%

Shares of Pattern Group stock opened at $13.32 on Friday. Pattern Group has a 1 year low of $12.00 and a 1 year high of $16.00.

Insider Buying and Selling at Pattern Group

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

Pattern Group Company Profile

(Get Free Report)

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.

Recommended Stories