Significant Transactions for Tuesday, March 21, 2017

The SEC saw 513 Form 4 filings reported today. These transactions reflected activity in 208 companies and came from 500 insiders. Within this insider activity were 45 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 19, and within these companies there were 41 individual insiders surpassing the high value threshold.

The S&P 500 index had 93 individuals from 37 companies reporting insider trades. This activity was very much lower than the average for the 30 days and very much below that of preceding 5 days. High value transactions included in this activity came from 2 individuals in 2 companies, representing $13,130,337 in market value, and came from discretionary sales of 113,008 shares.

Among the most significant insider transactions for the day:

Significant Insider Buying Reverses Sale Trend of Last 90 Days in Shares of Tesla (TSLA)

There was a significant insider buy in Tesla shares today as disclosed in a filing with the SEC. One insider — Elon Musk, 10% Owner, Director and Officer — acquired 95,420 shares in the company having a net market value of approximately $25,000,040. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 93,920 shares and have averaged 48,460 shares per transaction over this time period.

The level of buy/sell trading at Tesla is is greater than the 2 peer company average over the last 90-day period. The Electrical (Alternative) Vehicles peer group saw 2 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Tesla insiders was also higher. Within the peer group there were 0 shares purchased and 1,500 shares sold with company insiders selling 750 shares on average. The data sourced 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.

Another 17 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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