There were 305 Form 4 filings processed today with the SEC. There were 303 insiders reflected in these filings, representing activity in 138 companies. Within this insider activity were 49 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 11, and within these companies there were 16 individual insiders surpassing the high value threshold.
Within the S&P 500 index there were 48 individual filers from 23 companies reporting insider trades. This level of activity was very much lower than the average for the month and close to that of prior week. This activity reflected high value transactions with approximately $21,677,491 in market value, included 3 individual filers from 3 companies, and came from discretionary sales of 236,000 shares.
Insider Sale at Pattern Energy Group (PEGI) Continues Selling Trend
There was a notable insider sale of Pattern Energy Group shares today, as disclosed in a filing with the SEC as — R/C Renewable Energy GP II, L.L.C., 10% Owner — sold 8,700,000 shares in the company having a market value of approximately $190,601,340 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 3,900 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 8,703,900 shares and have averaged 2,901,300 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Pattern Energy Group is above the 2-company peer group average. Independent Power Producers peer group saw 4 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Pattern Energy Group insiders was also higher. Within the peer group there were 0 shares purchased and 3,900 shares sold with company insiders selling 975 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 used to compose and write this story.
Another 10 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.