Insider Selling in EPAM Systems (EPAM) Shares Continues

Tuesday, September 12, 2017 10:15 PM ET

Insider Selling in EPAM Systems (EPAM) Shares Continues

One insider — Arkadiy Dobkin, Director and Officer — today, sold 56,945 shares of EPAM Systems having a market value of approximately $4,828,131, as indicated 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 115,100 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 172,045 shares and have averaged 86,023 shares per transaction over this time period.

The level of buy-sell trading at EPAM Systems is near the 154 member peer company average. The IT Services & Consulting peer group saw 252 buy/sell trades during this period for an average of 1.6 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 575,292 shares purchased and 7,814,797 shares sold with company insiders selling 28,728 shares on average.

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 sourced to create and write this story.

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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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