The VP & CFO of Pendrell Corp (NASDAQ: PCO) is Selling Shares

By Carrie Williams

Today, the VP & CFO of Pendrell Corp (NASDAQ: PCO), Steve Ednie, sold shares of PCO for $29.48K.

In addition to Steve Ednie, one other PCO executive reported Sell trades in the last month.

Based on Pendrell Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.44 million and quarterly net profit of $1.71 million. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $5.25 million. PCO’s market cap is $141.8M and the company has a P/E ratio of 10.36.

The insider sentiment on Pendrell Corp has been negative according to 32 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Pendrell Corp. engages in the provision of intellectual property services. It licenses and sells intellectual property rights to others. It includes memory and storage technologies, digital media, digital cinema, and wireless technologies. The company was founded in May 2000 and is headquartered in Kirkland, WA.