The SEC today reported 1,090 Form 4 filings. This activity came from 1,067 insiders representing 349 companies. Individual filings where there was more than $1 million in market value represented, occurred in 96 filings. Companies with aggregate market value transactions of over $1 million numbered 30, and within these companies there were 60 individual insiders surpassing the high value threshold.
Within the S&P 500 index there were 247 individual filers from 69 companies reporting insider trades. This activity was substantially lower than the average for the 30 days and very much beneath that of last 5 days. High value transactions represented $27,795,765 in market value, reflected 11 individual filers from 7 companies, and came from discretionary purchases of 6,500 shares and discretionary sales of 216,996 shares.
Among the most significant insider transactions for the day:
Continued Level of Significant Insider Selling at Yelp (YELP)
A substantial insider sale of the shares of Yelp was revealed in a form 4 document filed with the SEC today, showing — Jeremy Stoppelman, Director and Officer — disposed of 250,000 shares in the company having a market value of approximately $8,419,850. 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 disposition of 346,355 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 596,355 shares and have averaged 149,089 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Yelp is greater than the 36-company peer group average. Internet Services peer group saw 55 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Yelp insiders was also higher. Within the peer group there were 28,966 shares purchased and 1,314,475 shares sold with company insiders having sold 23,373 shares on average. In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.
Another 27 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.