Insider Selling: Under Armour, Inc. (NYSE:UA) CFO Sells 30,000 Shares of Stock

Under Armour, Inc. (NYSE:UA) CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Under Armour Trading Down 0.4 %

Shares of NYSE UA traded down $0.04 during midday trading on Tuesday, reaching $9.10. The stock had a trading volume of 3,794,012 shares, compared to its average volume of 3,286,177. The company’s 50 day moving average price is $8.38 and its 200 day moving average price is $7.46. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a twelve month low of $6.02 and a twelve month high of $10.62.

Institutional Trading of Under Armour

A number of institutional investors have recently made changes to their positions in UA. Price T Rowe Associates Inc. MD grew its holdings in Under Armour by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 106,089 shares of the company’s stock valued at $758,000 after buying an additional 6,519 shares in the last quarter. Tidal Investments LLC purchased a new stake in Under Armour in the first quarter valued at about $476,000. Comerica Bank increased its holdings in shares of Under Armour by 39.9% in the first quarter. Comerica Bank now owns 110,537 shares of the company’s stock valued at $789,000 after purchasing an additional 31,504 shares during the period. CWM LLC grew its holdings in Under Armour by 31.1% during the second quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after acquiring an additional 2,995 shares during the period. Finally, Profit Investment Management LLC boosted its position in Under Armour by 0.7% during the second quarter. Profit Investment Management LLC now owns 569,878 shares of the company’s stock worth $3,721,000 after purchasing an additional 4,009 shares in the last quarter. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.