Insiders at Quintiles IMS Holdings (Q) Make Significant Stock Sales Extends the Trend of Last Quarter

Thursday, September 21, 2017 10:15 PM ET

Insiders at Quintiles IMS Holdings (Q) Make Significant Stock Sales Extends the Trend of Last Quarter

There was a substantial level of insider selling disclosed today in filings with the SEC for Quintiles IMS Holdings. Four insiders — Danhakl, Connaughton, TPG Group Holdings (SBS) Advisors, and CPP Investment Board Private Holdings — disposed of 13,376,677 shares in the company for approximately $1,269,045,347. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 10,515,370 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 23,892,047 shares and have averaged 2,986,506 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Quintiles IMS Holdings is greater than the 182-company peer group average. Biotechnology & Medical Research peer group saw 215 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Quintiles IMS Holdings insiders was also higher. Within the peer group there were 8,576,547 shares purchased and 36,892,906 shares sold with company insiders disposing of 131,704 shares on average.

The data used in creating 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.

Today’s Insider Activity
* John G Danhakl, Director, sold 720,248 shares
* John Connaughton, Director, sold 1,030,429 shares
* TPG Group Holdings (SBS) Advisors Inc, 10% Owner and Director, sold 4,877,974 shares
* CPP Investment Board Private Holdings Inc, 10% Owner, sold 6,748,026 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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