The number of Form 4 filings recorded with the SEC today, was 658. There were 649 insiders involved in these filings, reflecting activity in 261 companies. Individual transactions totaling over $1 million in market value occurred in 36 of these filings. There were 13 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 29 individual insiders with transactions that were greater than $1 million.
The S&P 500 index had 106 individuals from 43 companies reporting insider trades. This level of activity was markedly beneath the average for the 30 days and noticeably beneath that of previous 5 days. Included in this activity, were high value transactions that reflects 4 individuals in 4 companies, representing $8,560,287 in market value, and came from discretionary sales of 80,118 shares.
Among the most significant insider transactions for the day:
Insider Makes Significant Stock buy in Cara Therapeutics (CARA) Shares Breaks neutral Trend of Last 90 Days
There was substantial purchase activity in Cara Therapeutics shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — RHO Ventures VI LP, 10% Owner — bought 500,000 shares in the company having a market value of approximately $9,095,700. This is the first insider buy/sell trade in the past 90 days.
Cara Therapeutics level of buy-sell trading activity is close to the 178 member peer company average. The Biotechnology & Medical Research peer group saw 123 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by Cara Therapeutics insiders is higher. Within the peer group there were 12,021,741 shares purchased and 5,299,676 shares sold with company insiders acquiring 71,511 shares on average.
For the purpose of evaluating significant insider buying and selling all 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 obtained to compose and write this story.
Another 12 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.