Significant Insider Selling Continues at Coherent (COHR)

Wednesday, September 13, 2017 10:15 PM ET

Significant Insider Selling Continues at Coherent (COHR)

There was a substantial sale of shares of Coherent by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Dr John Ambroseo, Director and Officer — disposed of 25,000 shares in the company having a market value of approximately $6,250,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 25,500 shares and have averaged 12,750 shares per transaction over this time period.

Coherent buy-sell trading activity is close to 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, trading at Coherent represents a lower number of shares per transaction. Within the peer group there were 247,089 shares purchased and 47,992,761 shares sold with company insiders selling 304,113 shares on average over this time period.

To bring into focus significant insider buying and selling activity, 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 has 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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