The SEC reported 512 Form 4 filings today. This activity came from 507 insiders reflecting 193 companies. Individual filings where there was more than $1 million in market value represented, occurred in 46 filings. Companies with aggregate market value transactions of over $1 million numbered 9, and within these companies there were 16 individual insiders surpassing the high value threshold.
The S&P 500 index had 43 companies reporting insider trades involving 106 individual filers. This level of activity was noticeably below the average for the 30 days and close to that of previous 5 days. High value transactions had approximately $5,479,978 in market value, represented 6 individual filers from 4 companies, and came from discretionary sales of 92,422 shares.
Among the most significant insider transactions for the day:
Twitter (TWTR) Insider Makes Significant Share purchase Reversing Selling Trend over Last Quarter
There was a substantial insider buy in Twitter shares today as disclosed in a filing with the SEC. One insider — Jack Dorsey, Director and Officer — acquired 574,002 shares in the company having a net market value of approximately $9,540,946. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 425,998 company shares and the sale of 581,501 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 418,499 shares and have averaged 316,300 shares per transaction over this time period.
The level of buy/sell trading at Twitter is is above the 12 peer company average over the last 90-day period. The Social Media & Networking peer group saw 35 buy/sell trades during this period for an average of 2.9 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 426,298 shares purchased and 2,133,693 shares sold with company insiders disposing of 48,783 shares on average. In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to evaluate and write this story.
Another 7 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.