Friday, September 01, 2017 10:15 PM ET
Insider Selling at EPAM Systems (EPAM) Continues with Significant Sale
One insider — Arkadiy Dobkin, Director and Officer — today, disposed of 25,000 shares of EPAM Systems having a market value of approximately $2,014,178, as revealed 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 60,100 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 85,100 shares and have averaged 42,550 shares per transaction over this time period.
EPAM Systems level of buy-sell trading activity is close to the 153 member peer company average. The IT Services & Consulting peer group saw 256 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares per buy/sell trade transacted by EPAM Systems insiders is higher. Within the peer group there were 562,045 shares purchased and 7,297,605 shares sold with company insiders having sold 26,311 shares on average.
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 used in creating and writing this story.
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