Today, insiders filed 816 Form 4 reports with the SEC. These transactions reflected activity in 240 companies and came from 787 insiders. Individual transactions totaling over $1 million in market value occurred in 78 of these filings. There were 17 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 23 individual insiders with transactions that were greater than $1 million.
The Russell 3000 index saw 728 individuals from 214 companies reporting insider trades. This level of activity was very much below the average for the 30 days and very much below that of preceding 5 days. High value transactions represented $98,082,262 in market value, reflected 18 individual filers from 14 companies, and came from discretionary purchases of 66,000 shares and discretionary sales of 609,343 shares.
Among the most significant insider transactions for the day:
Insider Sales at Summit Midstream Partners (SMLP) Extends the Selling Trend of Last Quarter
There was substantial level of net selling of Summit Midstream Partners shares today, as revealed in filings with the SEC. Two insiders — Summit Midstream Partners LLC, 10% Owner and Director, and Energy Capital Partners II LLC, 10% Owner and Director — disposed of 8,000,000 shares in the company having a market value of approximately $190,640,000. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 500 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 8,000,500 shares and have averaged 2,666,833 shares per transaction over this time period.
Today’s Insider Activity
* Summit Midstream Partners LLC, 10% Owner and Director, sold 4,000,000 shares
* Energy Capital Partners II LLC, 10% Owner and Director, sold 4,000,000 shares
Another 16 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.