Thursday, September 21, 2017 10:15 PM ET
Insider at Intuit (INTU) Makes Significant Sale of Stock
One Intuit insider Scott D Cook, Director and Officer, today, disposed of 183,333 shares having a market value of approximately $26,617,574, as indicated in a form 4 document filed with the SEC. There have been 5 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 423,901 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 607,234 shares and have averaged 101,206 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Intuit is above the 62-company peer group average. Enterprise Software peer group saw 172 buy/sell trades during this period for an average of 2.8 transactions per company. The number of shares per buy/sell trade for Intuit insiders was also higher. Within the peer group there were 972,550 shares purchased and 7,548,533 shares sold with company insiders selling 38,232 shares on average.
The data sourced in evaluating and writing in this story eliminates 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.
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