Today, insiders filed 446 Form 4 reports with the SEC. These filings represented 425 insiders and reflected 229 companies. Within this insider activity were 50 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 20, and within these companies there were 40 individual insiders surpassing the high value threshold.
Activity within the Russell 1000 Value index was centered around 41 companies with 106 individuals reporting insider trades. High value transactions represented in this activity came from 9 individuals in 4 companies and having approximately $891,486,080 in market value This activity was very much greater than the average for the past week and month and came from discretionary sales of 45,951,000 shares. Activity within the Russell 3000 index was centered around 192 companies with 342 individuals reporting insider trades. Insiders with high value transactions numbered 38, who traded 55,771,443 shares, having a market value of approximately $994,642,003 and involved 20 companies. This level of activity was very much above the average for the preceding week and month and came from: discretionary purchases of 494,259 shares, option and derivative securities conversion of 85,367 shares, and discretionary sales of 48,008,678 shares.
Among the most significant insider transactions for the day:
Insider Selling at Salesforce.com (CRM) Continues with Significant Sale
A substantial insider sale of the shares of Salesforce.com was indicated in a form 4 document filed with the SEC today, showing — Marc Benioff, Director and Officer — disposed of 25,000 shares in the company having a market value of approximately $1,739,889. There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 4,146 company shares and the sale of 637,270 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 658,124 shares and have averaged 74,046 shares per transaction over this time period. Relative to its peers over the last 90 days, insider buy/sell trading at Salesforce.com is above the 14-company peer group average. Cloud Computing Services peer group saw 65 buy/sell trades during this period for an average of 4.6 transactions per company. The number of shares per buy/sell trade for Salesforce.com insiders was also higher. Within the peer group there were 698,439 shares purchased and 691,054 shares sold with company insiders acquiring 410 shares on average. Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
Another 19 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 email@example.com.