Thursday, September 14, 2017 10:15 PM ET
Significant Insider Selling in Shares of EPAM Systems (EPAM) Continues
One EPAM Systems insider — Arkadiy Dobkin, Director and Officer — today, disposed of 20,455 shares having a market value of approximately $1,750,216, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 172,045 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 192,500 shares and have averaged 96,250 shares per transaction over this time period.
The level of buy-sell trading at EPAM Systems is near the 155 member peer company average. 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 per buy/sell trade transacted by EPAM Systems insiders is higher. Within the peer group there were 575,292 shares purchased and 17,228,032 shares sold with company insiders disposing of 62,841 shares on average.
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 obtained to compose and write this story.
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