Insider Sale at Nvidia (NVDA) Continues Selling Trend

Wednesday, August 16, 2017 10:15 PM ET

Insider Sale at Nvidia (NVDA) Continues Selling Trend

A filing with the SEC today disclosed a notable insider sale of Nvidia shares as — Mark L Perry, Director — sold 16,281 shares in the company having a market value of approximately $2,641,369. 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 252,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 268,781 shares and have averaged 53,756 shares per transaction over this time period.

The number of insider buy/sell trades at Nvidia is greater than that of the 78 peer company average over the last 90-day period. The Semiconductors peer group saw 187 buy/sell trades during this period for an average of 2.4 transactions per company. However, the number of shares traded per transaction by Nvidia insiders is lower than its peers. Within the peer group there were 278,209 shares purchased and 43,469,441 shares sold with company insiders having sold 230,969 shares on average over this time period.

Significant insider buying and selling activity 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 data sourced in evaluating and writing this story.

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.

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