Significant Transactions for Friday, July 14, 2017

The SEC today recorded 182 Form 4 filings reflecting activity in 106 companies. Of these individual transactions, 27 were filings that represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 14, and within these companies there were 15 individual insiders surpassing the high value threshold.

Within the S&P 500 index there were 45 individual filers from 22 companies reporting insider trades. This activity was noticeably below the average for the past month and close to that of preceding week. High value transactions represented in this activity came from 4 individuals in 4 companies, having approximately $11,405,025 in market value, and came from discretionary purchases of 40,000 shares and discretionary sales of 49,305 shares.

Among the most significant insider transactions for the day:

Insider Sale at Coupa Software (COUP) Continues Selling Trend

One Coupa Software insider — MDV IX Lp, 10% Owner — today, disposed of 1,662,000 shares having a market value of approximately $51,937,500, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 22,480 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,684,480 shares and have averaged 842,240 shares per transaction over this time period.

The level of buy-sell trading at Coupa Software is near the 88 member peer company average. The Software peer group saw 199 buy/sell trades during this period for an average of 2.3 transactions per company. However, the number of shares per buy/sell trade transacted by Coupa Software insiders is higher. Within the peer group there were 1,179,340 shares purchased and 34,534,675 shares sold with company insiders disposing of 167,615 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 composing and writing this story.

Insider buy at Amicus Therapeutics (FOLD) is Significant Breaks Selling Trend of Last Quarter

One insider — Perceptive Advisors Llc, 10% Owner — today, acquired 1,500,000 shares of Amicus Therapeutics having a market value of approximately $18,375,000, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 59,828 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,440,172 shares and have averaged 779,914 shares per transaction over this time period.

The level of buy/sell trading at Amicus Therapeutics is is above the 107 peer company average over the last 90-day period. The Pharmaceuticals peer group saw 102 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Amicus Therapeutics insiders was also higher. Within the peer group there were 5,334,889 shares purchased and 1,085,944 shares sold with company insiders acquiring 80,169 shares on average. In determining significant insider buying and selling, 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.

Continued Level of Significant Insider Selling at Twitter (TWTR)

There was a notable insider sale of Twitter shares today, as indicated in a filing with the SEC as — Evan Clark Williams, Director — disposed of 853,700 shares in the company having a market value of approximately $16,546,579. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 574,002 company shares and the disposition of 2,155,302 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,435,000 shares and have averaged 716,601 shares per transaction over this time period.

Twitter insider trading represents a level of buy/sell trades that is above for the 12 peer company average over the last 90-day period. The Social Media & Networking peer group saw 42 buy/sell trades during this period for an average of 3.5 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 575,002 shares purchased and 5,545,630 shares sold with company insiders having sold 118,348 shares on average. In order to focus on 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 data sourced 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 info@uptickdata.com.

Copyright 2017 UpTick Data Technologies. All rights reserved.
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