The SEC saw 1,026 Form 4 filings reported today. These transactions involved activity in 378 companies and came from 1,010 insiders. Within this insider activity were 95 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 43 individual insiders surpassing the high value threshold.
The S&P 500 index had 215 individuals from 75 companies reporting insider trades. This activity was very much lower than the average for the 30 days and markedly below that of last 5 days. High value transactions included in this activity came from 8 individuals in 5 companies, representing $10,638,017 in market value, and came from discretionary purchases of 49,500 shares and discretionary sales of 145,658 shares.
Among the most significant insider transactions for the day:
Insider Selling at Portola Pharmaceuticals (PTLA) Continues with Significant Sale
A filing with the SEC today indicated a significant insider sale of Portola Pharmaceuticals shares as — Maxwell (Mauritius) Pte Ltd, 10% Owner — sold 1,700,000 shares in the company having a market value of approximately $58,480,000. There have been 2 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 7,847 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,707,847 shares and have averaged 569,282 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Portola Pharmaceuticals is above the 182-company peer group average. Biotechnology & Medical Research peer group saw 157 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Portola Pharmaceuticals insiders was also higher. Within the peer group there were 12,471,196 shares purchased and 22,127,857 shares sold with company insiders having sold 61,507 shares on average. Insider buying and selling activity that is significant 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 creating 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 firstname.lastname@example.org.