Form 4 insider trading reports recorded with the SEC today disclosed 538 filings. These filings represented 529 insiders and reflected 276 companies. Within this insider activity were 68 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 17, and within these companies there were 29 individual insiders surpassing the high value threshold.
The Russell 1000 Value index had 133 individuals from 66 companies reporting insider trades. This activity reflected high value transactions with approximately $17,485,000 in market value and included 9 individual filers from 5 companies. This activity was substantially beneath the average for the last week and month, and came from discretionary sales of 298,597 shares. The Russell 3000 index saw 489 individuals from 253 companies reporting insider trades. This activity included high value transactions representing $224,293,735 in market value and involved 27 individual filers from 17 companies. This activity was very much below the average for the last week and month, and came from discretionary purchases of 25,000 shares and discretionary sales of 8,599,034 shares.
Among the most significant insider transactions for the day:
Insider Sales at TriNet Group (TNET) Extends the Selling Trend of Last Quarter
Three insiders — GENERAL ATLANTIC LLC, 10% Owner, David C Hodgson, 10% Owner and Director, and Atlantic Partners 84, L.P. General, 10% Owner — today, sold 7,200,000 shares of TriNet Group having a market value of approximately $173,016,000, as reported in form 4 documents filed with the SEC. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 45,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 7,245,000 shares and have averaged 1,811,250 shares per transaction over this time period.
Today’s Insider Activity
* GENERAL ATLANTIC LLC, 10% Owner, sold 2,400,000 shares
* David C Hodgson, 10% Owner and Director, sold 2,400,000 shares
* Atlantic Partners 84, L.P. General, 10% Owner, sold 2,400,000 shares
Another 16 companies had significant insider transactions based on UpTick Data Technologies’ analysis. Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends. For more information, contact UpTick at firstname.lastname@example.org.