Calix Inc. (CALX) Insider Tony Banta Sells 30,726 Shares


Tony Banta, Senior Vice President of Global Mfg and Supply at Calix Inc. (NYSE:CALX), unloaded 30,726 shares of Common Stock in a two day transaction, completed yesterday. After selling 3,426 shares for a weighted average sales price of $9.06 per share, the insider disposed of the larger bulk of stock, selling 27,300 shares of Common Stock for a weighted average price of $9.04 per share. Following Banta’s first stock disposition of the fiscal year so far, he now owns a total of 10,000 company shares.

However, the Senior VP isn’t the only insider that’s been active at Calix this quarter. Carl Russo, President and Chief Executive Officer of the $479.1 million market cap software and broadband system provider, sold 16,900 shares of Common Stock for $8.05 per share in June. Furthermore, the insider had previously unloaded 25,000 shares in March, receiving $8.01 for each share.

Q1 also reported some new positions amongst hedge funds, such as Brett Hendrickson’s Nokomis Capital. The hedge fund acquired 774,643 company shares last quarter, for an approximate value of $6.5 million and comprising 2.16% of the holdings portfolio.

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