The President & CEO of Primo Water Corp (NASDAQ: PRMW) is Buying Shares

By Carrie Williams

Today, the President & CEO of Primo Water Corp (NASDAQ: PRMW), Matthew Sheehan, bought shares of PRMW for $1,020.

In addition to Matthew Sheehan, one other PRMW executive reported Buy trades in the last month.

Based on Primo Water Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $68.31 million and quarterly net profit of $3.03 million. In comparison, last year the company earned revenue of $40.36 million and had a GAAP net loss of $11.7 million. The company has a one-year high of $15.29 and a one-year low of $10.47. Currently, Primo Water Corp has an average volume of 154.9K.

Starting in May 2017, PRMW received 9 Buy ratings in a row. Five different firms, including B.Riley FBR and Barrington, currently also have a Buy rating on the stock.

The insider sentiment on Primo Water Corp has been negative according to 49 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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Primo Water Corp. is provider of multi-gallon purified bottled water, self-service refill water and water dispensers sold. It operates through two segments: Primo Water and Primo Dispensers. The Primo Water segment consists of its exchange and refill products, which are offered through retailers in each of the United States and Canada.