Significant Insider Selling in Shares of Intuit (INTU) Continues

Wednesday, September 13, 2017 10:15 PM ET

Significant Insider Selling in Shares of Intuit (INTU) Continues

There was a significant sale of shares of Intuit by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Sasan K Goodarzi, Officer — disposed of 16,207 shares in the company having a market value of approximately $2,291,775. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 407,694 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 423,901 shares and have averaged 84,780 shares per transaction over this time period.

The level of buy/sell trading at Intuit is is greater than the 62 peer company average over the last 90-day period. The Enterprise Software peer group saw 167 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for Intuit insiders was also higher. Within the peer group there were 973,581 shares purchased and 7,196,322 shares sold with company insiders having sold 37,262 shares on average.

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.

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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