Form 4 insider trading reports recorded with the SEC today revealed 204 filings. These filings involved 197 insiders and represented 111 companies. Individual transactions totaling over $1 million in market value occurred in 24 of these filings. There were 14 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 25 individual insiders with transactions that were greater than $1 million.
Activity within the Russell 3000 index was centered around 93 companies with 162 individuals reporting insider trades. This level of activity was substantially below the average for the past 30 days and much greater than that of previous 5 days. Insiders with high value transactions numbered 20, who traded 6,049,210 shares, having a market value of approximately $61,382,822, involved 12 companies, and came from discretionary sales of 5,921,425 shares.
Among the most significant insider transactions for the day:
Significant Insider Sales Reported in Shares of Barracuda Networks (CUDA) Extending the Trend of Last Quarter
There was a significant level of insider selling revealed today in filings with the SEC for Barracuda Networks. Three insiders — Diane Honda, Officer, Michael D Perone, 10% Owner and Director, and William D Jenkins Jr, Director and Officer — sold 484,647 shares in the company for approximately $11,685,538. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 9,714 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 494,361 shares and have averaged 123,590 shares per transaction over this time period.
Today’s Insider Activity
* Diane Honda, Officer, sold 975 shares
* Michael D Perone, 10% Owner and Director, sold 403,060 shares
* William D Jenkins Jr, Director and Officer, sold 80,612 shares
Wayfair (NYSE:W) sees Significant Insider Sales Extending the Trend of Last Quarter
SEC filings today disclosed substantial insider sales of Wayfair shares as four insiders — Malone, Macri, Conine, and Shah — sold 102,100 shares in the company having a market value of approximately $7,531,655. There have been 9 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 2,274,848 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,376,948 shares and have averaged 182,842 shares per transaction over this time period.
Today’s Insider Activity
* Nicholas Malone, Officer, sold 1,500 shares
* Edmond Macri, Officer, sold 600 shares
* Steven Conine, 10% Owner, Director and Officer, sold 50,000 shares
* Niraj Shah, 10% Owner, Director and Officer, sold 50,000 shares
Another 12 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 email@example.com.
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