Friday, September 08, 2017 10:15 PM ET
Nvidia (NVDA) sees Significant Insider Selling Continuing
There was a notable insider sale of Nvidia shares today, as revealed in a filing with the SEC as — Jen Hsun Huang, Director and Officer — disposed of 110,000 shares in the company having a market value of approximately $18,269,163 There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 216,281 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 326,281 shares and have averaged 81,570 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Nvidia is greater than its 78-company peer group average. The Semiconductors peer group saw 160 buy/sell trades during this period for an average of 2.1 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 246,489 shares purchased and 47,537,784 shares sold with company insiders selling 295,571 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to create and write 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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