Thursday, September 21, 2017 10:15 PM ET
Insider at Vonage Holdings (VG) Makes Significant Sale of Stock
A significant insider sale of the shares of Vonage Holdings was disclosed in a form 4 document filed with the SEC today, showing — Jeffrey A Citron, Director — disposed of 414,913 shares in the company having a market value of approximately $3,314,781. There have been 2 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 613,263 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,028,176 shares and have averaged 342,725 shares per transaction over this time period.
The level of buy/sell trading at Vonage Holdings is is above the 10 peer company average over the last 90-day period. The Wireless Telecom peer group saw 3 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Vonage Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 621,515 shares sold with company insiders selling 207,172 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 sourced to create and write this story.
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