10% Owner William P Scully bought 20,000 shares of PRTA at $7.90 on 2026-06-16, raising holdings to 756,000 shares amid -92.8% annual revenue decline.
William P Scully, a 10% shareholder, purchased 20,000 shares at $7.90 on 2026-06-16, the third consecutive buy in June after similar purchases on 2026-06-04 and 2026-06-02. His same-ticker history at PRTA shows mixed results: a 2025-01-14 buy returned +8.6% in 30 days but -22.3% over 90 days, and a 2024-12-31 buy returned +13.2% in 30 days but -4.7% over 90 days, with 0 of 2 measurable prior buys achieving positive 90-day returns. The company's fundamentals present a stark backdrop—annual revenue contracted 92.8% year-over-year, and the company reported negative full-year net income, though the latest quarter showed $51.1M in revenue and $32.7M in net income. The stock trades at $8.79, down 25.5% from its 52-week high of $11.80 and down 3.1% over 30 days, while this insider's cross-ticker track record shows an average 90-day return of -11.5% with a 0.00% win rate across 9 prior buys. The pattern of rapid-fire accumulation during a period of significant revenue decline and prior underperformance at this ticker warrants attention to whether this reflects conviction or other factors.