Continued Level of Significant Insider Selling at Marvell Technology Group (MRVL)

Wednesday, September 13, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Marvell Technology Group (MRVL)

A filing with the SEC today disclosed a substantial insider sale of Marvell Technology Group shares as — Sehat Sutardja, 10% Owner — disposed of 1,042,343 shares in the company having a market value of approximately $18,195,639. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 957,657 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,000,000 shares and have averaged 1,000,000 shares per transaction over this time period.

The number of buy-sell trades for Marvell Technology Group is close to that of the 78 member peer company average. The Semiconductors peer group saw 157 buy/sell trades during this period for an average of 2.0 transactions per company. However, the number of shares per buy/sell trade transacted by Marvell Technology Group insiders is higher. Within the peer group there were 247,089 shares purchased and 47,992,761 shares sold with company insiders disposing of 304,113 shares on average.

Insider buying and selling activity that is significant 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 creating and writing 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.

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