Significant Transactions for Friday, January 13, 2017

Insider trading activity tracked by the SEC in Form 4 reports saw 242 filings today. These transactions reflected activity in 131 companies and came from 240 insiders. Individual transactions totaling over $1 million in market value occurred in 57 of these filings. Companies with aggregate market value transactions of over $1 million numbered 21, and within these companies there were 23 individual insiders surpassing the high value threshold.

The Russell 3000 index had 110 companies reporting insider trades involving 201 individuals filers. This level of activity was markedly below the average for the 30 days and substantially below that of prior 5 days, and came from discretionary purchases of 227,898 shares and discretionary sales of 6,790,276 shares.

Among the most significant insider transactions for the day:

Insider at ServiceNow (NOW) Makes Significant Sale of Stock

A significant insider sale of the shares of ServiceNow was indicated in a form 4 document filed with the SEC today, showing — Frederic B Luddy, Director — sold 154,000 shares in the company having a market value of approximately $12,815,990. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 328,539 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 482,539 shares and have averaged 241,270 shares per transaction over this time period. In relation to the peer group over the last 90 days, insider buy/sell trading at ServiceNow is less than the 56-company peer group average. Enterprise Software peer group saw 159 buy/sell trades during this period for an average of 2.8 transactions per company. However, the number of shares per buy/sell trade for ServiceNow is higher. Within the peer group there were 191,730 shares purchased and 3,175,931 shares sold with company insiders disposing of 18,769 shares on average. To bring into focus 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 in data obtained to create and write this story.

Another 9 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 2017 UpTick Data Technologies. All rights reserved.
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