Insider Sales at Intuit (INTU) Extends the Selling Trend of Last Quarter

Thursday, September 07, 2017 10:15 PM ET

Insider Sales at Intuit (INTU) Extends the Selling Trend of Last Quarter

SEC filings today revealed significant insider sales of Intuit shares as three insiders — Henry Tayloe Stansbury, Officer, Daniel A Wernikoff, Officer, and Scott D Cook, Director and Officer — disposed of 214,163 shares in the company having a market value of approximately $30,235,300. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 191,663 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 405,826 shares and have averaged 81,165 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Intuit is greater than the 62-company peer group average. Enterprise Software peer group saw 159 buy/sell trades during this period for an average of 2.6 transactions per company. The number of shares per buy/sell trade for Intuit insiders was also higher. Within the peer group there were 1,047,321 shares purchased and 6,603,704 shares sold with company insiders having sold 34,946 shares on average.

To bring into focus 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 in data used to create and write this story.

Today’s Insider Activity
* Henry Tayloe Stansbury, Officer, sold 15,415 shares
* Daniel A Wernikoff, Officer, sold 15,415 shares
* Scott D Cook, Director and Officer, sold 183,333 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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