Wednesday, September 13, 2017 10:15 PM ET
Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of Exa (EXA)
An insider — SOROS FUND MANAGEMENT LLC, 10% Owner — purchased 159,500 shares of Exa having a market value of approximately $2,307,091 today, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
Compared to its peers over the last 90 days, insider buy/sell trading at Exa is less than the 91-company peer group average. Software peer group saw 161 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares per buy/sell trade for Exa is higher. Within the peer group there were 468,811 shares purchased and 10,137,905 shares sold with company insiders having sold 60,056 shares on average.
In determining significant insider buying and selling, 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 used 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.
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