Significant Transactions for Tuesday, July 11, 2017

The SEC today processed 275 Form 4 filings. These transactions reflected activity in 126 companies and came from 269 insiders. Of these individual transactions, 26 were filings that represented over $1 million in market value. There were 8 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 9 individual insiders with transactions that were greater than $1 million.

There were 22 companies in the S&P 500 index representing 32 individuals reporting insider activity. This level of activity was distinctly lower than the average for the last month and near that of past week. Included in this activity, were high value transactions that represented 2 individuals in 2 companies, involving $17,427,516 in market value, and came from discretionary sales of 116,000 shares.

Among the most significant insider transactions for the day:

Insider purchase at Akebia Therapeutics (AKBA) comes in face of Selling Trend of Last 90 Days

One insider — Muneer A Satter, Director — today, bought 1,034,482 shares of Akebia Therapeutics having a market value of approximately $14,999,989, as revealed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the selling of 3,943 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,030,539 shares and have averaged 259,606 shares per transaction over this time period.

Insiders at Akebia Therapeutics have a level of buy/sell trades that is above the 258-peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 330 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Akebia Therapeutics insiders was also higher. Within the peer group there were 11,139,604 shares purchased and 7,480,498 shares sold with company insiders purchasing 18,205 shares on average. The data sourced in composing and writing in this story eliminates 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.

Insider Sale at Nvidia Corp (NVDA) Continues Selling Trend

An insider — Harvey C Jones, Director — disposed of 100,000 shares of Nvidia Corp having a market value of approximately $15,028,570 today, as revealed in a form 4 document filed with the SEC. There have been 4 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 202,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 302,500 shares and have averaged 60,500 shares per transaction over this time period.

Insider buy/sell trading at Nvidia Corp is greater than the 79 peer company average over the last 90-day period. The Semiconductors peer group saw 212 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for Nvidia Corp insiders was also higher. Within the peer group there were 269,864 shares purchased and 3,162,067 shares sold with company insiders having sold 13,642 shares on average. The data obtained in composing and writing in this story eliminates 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.

Another 6 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 info@uptickdata.com.

Copyright 2017 UpTick Data Technologies. All rights reserved.
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