Significant Transactions for Thursday, December 22, 2016

Insider trading activity tracked by the SEC in Form 4 reports saw 347 filings today. These filings involved 346 insiders and represented 201 companies. Individual transactions totaling over $1 million in market value occurred in 36 of these filings. Companies with aggregate market value transactions of over $1 million numbered 16, and within these companies there were 26 individual insiders surpassing the high value threshold.

The Russell 3000 index saw 289 individuals from 167 companies reporting insider trades. Insiders with high value transactions numbered 22, who traded 871,392 shares, having a market value of approximately $22,497,490 and involved 14 companies. This activity was substantially beneath the average for the last week and month, and came from discretionary sales of 871,392 shares. The S&P 500 index had 38 companies reporting insider trades involving 60 individuals filers. This activity represented high value transactions having approximately $8,849,830 in market value and reflected 6 individual filers from 6 companies. This activity was markedly lower than the average for the preceding 5 days and 30 days, and came from discretionary sales of 206,079 shares.

Among the most significant insider transactions for the day:

Insider at Vonage Holdings (VG) Makes Significant Sale of Stock

There was a substantial sale of shares of Vonage Holdings by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Jeffrey A Citron, 10% Owner and Director — disposed of 500,000 shares in the company having a market value of approximately $3,481,750. There have been 3 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 1,411,734 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,911,734 shares and have averaged 477,934 shares per transaction over this time period. Vonage Holdings insider trading represents a level of buy/sell trades that is above for the 7 peer company average over the last 90-day period. The Wireless Telecom peer group saw 7 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Vonage Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 1,427,734 shares sold with company insiders disposing of 203,962 shares on average. In order to focus on significant insider buying and selling activity, 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 has been eliminated data sourced to evaluate and write this story.

Another 15 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 info@uptickdata.com.

Copyright 2016 UpTick Data Technologies. All rights reserved.
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