Significant Insider purchase of Apollo Global Management (APO) Shares Extends the Buying Trend of Last Quarter

Monday, September 11, 2017 10:15 PM ET

Significant Insider purchase of Apollo Global Management (APO) Shares Extends the Buying Trend of Last Quarter

An insider — Tiger Global Management LLC, 10% Owner — acquired 253,672 shares of Apollo Global Management having a market value of approximately $7,225,022 today, as disclosed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 990,530 company shares and the sale of 46,617 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,197,585 shares and have averaged 215,137 shares per transaction over this time period.

The number of insider buy/sell trades at Apollo Global Management is greater than that of the 31 peer company average over the last 90-day period. The Investment Management & Fund Operators peer group saw 40 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Apollo Global Management insiders is lower than its peers. Within the peer group there were 1,182,430 shares purchased and 14,514,603 shares sold with company insiders selling 333,304 shares on average over this time period.

The data used in creating 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.

Using proprietary Natural Language Generation (NLG) technology, 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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