The SEC saw 1,207 Form 4 filings recorded today. These filings involved 1,202 insiders and represented 349 companies. Within this insider activity were 93 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 23, and within these companies there were 42 individual insiders surpassing the high value threshold.
The Russell 3000 index had 313 companies reporting insider trades involving 1,094 individual filers. This level of activity was markedly beneath the average for the 30 days and substantially lower than that of previous 5 days. High value transactions represented in this activity came from 36 individuals in 20 companies, having approximately $78,953,773 in market value, and came from discretionary purchases of 400,000 shares and discretionary sales of 1,571,905 shares.
Among the most significant insider transactions for the day:
Significant Insider Selling in Shares of Yelp (YELP) Continues
There was a notable sale of shares of Yelp by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Jeremy Stoppelman, Director and Officer — sold 250,000 shares in the company having a market value of approximately $8,783,276. 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 97,382 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 347,382 shares and have averaged 86,846 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Yelp is above the 35-company peer group average. Internet Services peer group saw 42 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Yelp insiders was also higher. Within the peer group there were 26,966 shares purchased and 972,474 shares sold with company insiders disposing of 22,512 shares on average. Significant insider buying and selling activity 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 data used in evaluating and writing this story.
Another 22 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 email@example.com.