Insider trading activity processed with the SEC today disclosed 370 Form 4 filings. These filings involved 358 insiders and represented 185 companies. Individual transactions totaling over $1 million in market value occurred in 43 of these filings. Companies with aggregate market value transactions of over $1 million numbered 13, and within these companies there were 23 individual insiders surpassing the high value threshold.
The Russell 3000 index had 291 individuals from 151 companies reporting insider trades. Insiders with high value transactions numbered 19, who traded 2,713,672 shares, having a market value of approximately $51,737,414 and involved 11 companies. This activity was substantially beneath the average for the last week and month, and came from discretionary purchases of 100,000 shares and discretionary sales of 2,613,672 shares.
Among the most significant insider transactions for the day:
Significant Insider Selling Continues at Arista Networks (ANET)
A substantial insider sale of the shares of Arista Networks was disclosed in a form 4 document filed with the SEC today, showing — Jayshree Ullal, Director and Officer — disposed of 88,027 shares in the company having a market value of approximately $8,635,836. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 1,128,924 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,216,951 shares and have averaged 243,390 shares per transaction over this time period. Insiders at Arista Networks have a higher number of buy/sell trades than the 59-peer company average over the last 90-day period. The Communications & Networking peer group saw 140 buy/sell trades during this period for an average of 2.4 transactions per company. The number of shares per buy/sell trade for Arista Networks insiders was also higher. Within the peer group there were 689,473 shares purchased and 5,983,904 shares sold with company insiders disposing of 37,817 shares on average. For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
Another 10 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.