Significant Transactions for Tuesday, February 14, 2017

Today, insiders filed 1,198 Form 4 reports with the SEC. These filings involved 1,170 insiders and represented 332 companies. Individual transactions totaling over $1 million in market value occurred in 93 of these filings. There were 31 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 90 individual insiders with transactions that were greater than $1 million.

Activity within the Russell 3000 index was centered around 294 companies with 1,055 individuals reporting insider trades. This activity was very much beneath the average for the past 30 days and very much greater than that of previous 5 days. High value transactions represented $440,852,451 in market value, reflected 50 individual filers from 26 companies, and came from discretionary purchases of 10,945,014 shares and discretionary sales of 17,684,647 shares.

Among the most significant insider transactions for the day:

First Bancorp (Puerto Rico) (FBP) sees Significant Insider Selling Continuing

There was a notable sale of shares of First Bancorp (Puerto Rico) by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Joshua D Bresler, Director — sold 11,500,000 shares in the company having a market value of approximately $73,140,000. 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 sale of 65,550,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 77,050,000 shares and have averaged 19,262,500 shares per transaction over this time period.

First Bancorp (Puerto Rico) insider trading represents a level of buy/sell trades that is above for the 287 peer company average over the last 90-day period. The Banks peer group saw 515 buy/sell trades during this period for an average of 1.8 transactions per company. The number of shares per buy/sell trade for First Bancorp (Puerto Rico) insiders was also higher. Within the peer group there were 4,774,274 shares purchased and 73,107,407 shares sold with company insiders disposing of 132,686 shares on average. The data obtained in evaluating and writing in this story eliminates 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.

Insider buy at Twitter (TWTR) is Significant Breaks Selling Trend of Last Quarter

There was substantial buying activity in Twitter shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Jack Dorsey, Director and Officer — acquired 425,998 shares in the company having a market value of approximately $7,000,039. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 20,001 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 405,997 shares and have averaged 223,000 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Twitter is less than the 12-company peer group average. Social Media & Networking peer group saw 34 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 Twitter is higher. Within the peer group there were 1,200 shares purchased and 1,095,911 shares sold with company insiders having sold 32,197 shares on average. 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 composing and writing this story.

Another 28 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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