Insider trading activity processed with the SEC today disclosed 329 Form 4 filings. This activity came from 304 insiders involving 131 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 6, and within these companies there were 14 individual insiders surpassing the high value threshold. The Russell 3000 index had 252 individuals from 107 companies reporting insider trades. This level of activity was very much greater than the average for the month and markedly above that of preceding week, and came from discretionary purchases of 160,000 shares and discretionary sales of 45,517,601 shares.
Among the most significant insider transactions for the day:
Insider Sales at Barracuda Networks (CUDA) are Significant and Extend the Selling Trend of Last Quarter
SEC filings today revealed notable insider sales of Barracuda Networks shares as three insiders — Diane Honda, Officer, Michael D Perone, 10% Owner, Director and Officer, and Dean M Drako, 10% Owner — sold 1,514,943 shares in the company having a market value of approximately $37,166,172. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 1,038,821 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,553,764 shares and have averaged 510,753 shares per transaction over this period.
Today’s Insider Activity
* Diane Honda, Officer, sold 3,593 shares
* Michael D Perone, 10% Owner, Director and Officer, sold 1,311,350 shares
* Dean M Drako, 10% Owner, sold 200,000 shares
Another 13 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.