Friday, September 01, 2017 10:15 PM ET
Insider Sale at Workiva (WK) Continues Selling Trend
One Workiva insider — Jerome M Behar, 10% Owner — today, sold 115,195 shares having a market value of approximately $2,303,900, as indicated 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 265,926 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 381,121 shares and have averaged 190,561 shares per transaction over this time period.
The number of insider buy/sell trades at Workiva is lower than the 62 peer company average over the last 90-day period. The Enterprise Software peer group saw 168 buy/sell trades during this period for an average of 2.7 transactions per company. However, the number of shares per buy/sell trade for Workiva is higher. Within the peer group there were 1,050,658 shares purchased and 6,599,257 shares sold with company insiders having sold 33,027 shares on average.
The data obtained in evaluating 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.
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