Continued Level of Significant Insider Selling at Cisco (CSCO)

Wednesday, September 20, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Cisco (CSCO)

One Cisco insider — Mark D Chandler, Officer — today, sold 65,000 shares having a market value of approximately $2,108,002, 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 250,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 315,000 shares and have averaged 157,500 shares per transaction over this time period.

The level of buy-sell trading at Cisco is near the 67 member peer company average. The Communications & Networking peer group saw 111 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 Cisco insiders is higher. Within the peer group there were 60,976 shares purchased and 1,124,431 shares sold with company insiders having sold 9,581 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 evaluating 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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