Insider Buying at Coty (COTY) is Significant and Extends Trend of Last Quarter

Wednesday, September 06, 2017 10:15 PM ET

Insider Buying at Coty (COTY) is Significant and Extends Trend of Last Quarter

Two insiders — Sebastien Froidefond, Officer, and Laurent Kleitman, Officer — bought 136,879 shares of Coty having a market value of approximately $2,260,179 today, as reflected in form 4 documents filed with the SEC. There have been 9 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 2,906,638 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 3,043,517 shares and have averaged 276,683 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Coty is higher than its 6-company peer group average. The Cosmetics & Perfumes peer group saw 10 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares traded per transaction by Coty insiders is lower than its peers. Within the peer group there were 2,906,638 shares purchased and 0 shares sold with company insiders having bought 322,960 shares on average over this time period.

The data sourced 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.

Today’s Insider Activity
* Sebastien Froidefond, Officer, bought 16,879 shares
* Laurent Kleitman, Officer, bought 120,000 shares

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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