Thursday, September 14, 2017 10:15 PM ET
Insider Sales at Cognizant Technology Solutions (CTSH) Extends the Selling Trend of Last Quarter
In SEC filings today Cognizant Technology Solutions reported four insiders — Ramakrishnan, Mehta, Chatterjee, and Veeraraghavachary — sold 63,663 shares in the company having a market value of approximately $4,631,445. There have been 13 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 173,977 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 237,640 shares and have averaged 13,979 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 265 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 17,228,032 shares sold with company insiders having sold 62,841 shares on average over this time period.
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 sourced to create and write this story.
Today’s Insider Activity
* Chandrasekaran Ramakrishnan, Officer, sold 25,000 shares
* Rajeev Mehta, Officer, sold 34,437 shares
* Debashis Chatterjee, Officer, sold 1,726 shares
* Srinivasan Veeraraghavachary, Officer, sold 2,500 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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