Today there were 244 Form 4 filings processed by the SEC. This activity came from 238 insiders representing 100 companies. Within this insider activity were 24 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 12, and within these companies there were 22 individual insiders surpassing the high value threshold.
Activity within the S&P 500 index was centered around 26 companies with 73 individuals reporting insider trades. This level of activity was perceptibly beneath the average for the previous month and close to that of prior week. This activity reflected high value transactions with approximately $7,354,740 in market value, included 11 individual filers from 5 companies, and came from discretionary purchases of 14,000 shares and discretionary sales of 81,906 shares.
Among the most significant insider transactions for the day:
Significant Insider Selling in Shares of BeiGene (NASDAQ:BGNE) Continues
There was a substantial sale of shares of BeiGene by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — John Oyler, 10% Owner, Director and Officer — disposed of 219,400 shares in the company having a market value of approximately $14,221,125. 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 disposition of 189,649 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 409,049 shares and have averaged 136,350 shares per transaction over this time period.
The number of insider buy/sell trades at BeiGene is greater than the 258 peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 329 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for BeiGene insiders was also higher. Within the peer group there were 11,131,604 shares purchased and 7,261,656 shares sold with company insiders acquiring 19,350 shares on average. To bring into focus 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 in data obtained to create and write this story.
Another 11 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.