Following the transaction, the chief operating officer now directly owns 344,465 shares of the company’s stock, valued at approximately $3,947,568.90. The stock was sold at an average price of $11.46, for a total transaction of $182,557.80. In other news, COO Richard Preece sold 15,930 shares of stock in a transaction dated Wednesday, August 17th. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Following the completion of the sale, the insider now directly owns 504,004 shares in the company, valued at approximately $5,775,885.84. The stock was sold at an average price of $11.46, for a total transaction of $231,354.48. In other news, insider Shrisha Radhakrishna sold 20,188 shares of the business’s stock in a transaction dated Wednesday, August 17th. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 10.2% of the shares of the company are sold short. As of September 15th, there was short interest totalling 7,830,000 shares, an increase of 9.5% from the August 31st total of 7,150,000 shares. ( NASDAQ:LZ – Get Rating) was the target of a large increase in short interest in the month of September.
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