In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Accuray Inc. (NASDAQ:ARAY) reported that Primecap Management Co/ca/ has picked up 5,513,300 of common stock as of 2017-02-13.
The acquisition brings the aggregate amount owned by Primecap Management Co/ca/ to a total of 5,513,300 representing a 6.75% stake in the company.
For those not familiar with the company, Accuray Incorporated is a radiation oncology company. The Company develops, manufactures and markets medical devices used in radiation therapy for the treatment of cancer patients. Its products include the CyberKnife Systems, the TomoTherapy Systems, and the Radixact Delivery Treatment Platform. Its technologies, the CyberKnife and TomoTherapy Systems, are designed to deliver treatments, including stereotactic radiosurgery (SRS), stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image guided radiation therapy (IGRT) and adaptive radiation therapy. The CyberKnife Systems are robotic systems that are used to treat various types of cancer and tumors throughout the body. The CyberKnife Systems track, detect and correct for tumor and patient movement in real-time during the procedure. The TomoTherapy Systems include the TomoTherapy H Series with configuration options of TomoH, TomoHD and TomoHDA.
A glance at Accuray Inc. (NASDAQ:ARAY)’s key stats reveals a current market capitalization of 455.94 million based on 82.90 million shares outstanding and a price at last close of $5.50 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-11-9, Levine picked up 50,000 at a purchase price of $7.12. This brings their total holding to 1,115,830 as of the date of the filing.
On the sell side, the most recent transaction saw Nouri unload 957 shares at a sale price of $6.80. This brings their total holding to 65,547.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Accuray Inc. (NASDAQ:ARAY) as things move forward to see if its progress aligns with these transactions.
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