The SEC saw 397 Form 4 filings reported today. This activity came from 385 insiders reflecting 165 companies. Individual transactions totaling over $1 million in market value occurred in 46 of these filings. There were 9 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 17 individual insiders with transactions that were greater than $1 million.
The S&P 500 index had 50 companies reporting insider trades involving 143 individual filers. This level of activity was noticeably below the average for the last 30 days and close to that of previous 5 days. Included in this activity, were high value transactions reflecting 4 individuals in 3 companies, representing $4,308,349 in market value, and came from discretionary purchases of 23,000 shares and discretionary sales of 13,233 shares.
Among the most significant insider transactions for the day:
Insider Sale at Power Integrations (POWI) Continues Selling Trend
There was a notable sale of shares of Power Integrations by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Balu Balakrishnan, Officer — sold 65,000 shares in the company having a market value of approximately $5,073,816. 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 sale of 53,933 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 118,933 shares and have averaged 23,787 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Power Integrations is greater than the 79-company peer group average. Semiconductors peer group saw 208 buy/sell trades during this period for an average of 2.6 transactions per company. The number of shares per buy/sell trade for Power Integrations insiders was also higher. Within the peer group there were 257,864 shares purchased and 3,237,896 shares sold with company insiders selling 14,327 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 obtained to create and write this story.
Another 7 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.