The SEC saw 529 Form 4 filings recorded today. These transactions reflected activity in 162 companies and came from 527 insiders. Within this insider activity were 55 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 7, and within these companies there were 11 individual insiders surpassing the high value threshold.
Within the Russell 3000 index there were 144 companies reporting insider trades which included 484 individuals. This level of activity was very much below the average for the 30 days and markedly beneath that of preceding 5 days. High value transactions represented $43,917,303 in market value, reflected 10 individual filers from 6 companies, and came from discretionary purchases of 57,400 shares and discretionary sales of 326,815 shares.
Among the most significant insider transactions for the day:
Significant Insider purchase of Alliance Data System (ADS) Shares Extends the Buying Trend of Last Quarter
There was a significant insider buying activity in Alliance Data System shares today as revealed in a filing with the SEC. One insider — ValueAct Holdings Lp, 10% Owner — purchased 57,400 shares in the company having a net market value of approximately $12,545,270. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 210,338 company shares and the disposition of 1,290 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 266,448 shares and have averaged 67,257 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Alliance Data System is greater than its 61-company peer group average. The Business Support Services peer group saw 82 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Alliance Data System insiders is lower than its peers. Within the peer group there were 360,435 shares purchased and 7,298,749 shares sold with company insiders disposing of 84,614 shares on average over this time period. 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 6 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.