Wednesday, September 13, 2017 10:15 PM ET
Cognizant Technology Solutions (CTSH) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
Two insiders — Chandrasekaran Ramakrishnan, Officer, and Rajeev Mehta, Officer — today, sold 57,000 shares of Cognizant Technology Solutions having a market value of approximately $4,104,569, as disclosed in form 4 documents filed with the SEC. There have been 12 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 116,977 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 173,977 shares and have averaged 12,427 shares per transaction over this time period.
The number of insider buy/sell trades at Cognizant Technology Solutions is above that of the 155 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 256 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares traded per transaction by Cognizant Technology Solutions insiders is lower than its peers. Within the peer group there were 575,292 shares purchased and 7,865,671 shares sold with company insiders disposing of 28,478 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating 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 in data obtained in creating and writing this story.
Today’s Insider Activity
* Chandrasekaran Ramakrishnan, Officer, sold 25,000 shares
* Rajeev Mehta, Officer, sold 32,000 shares
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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