Liberty Broadband (LBRDA) sees Significant Insider Selling Continuing

Wednesday, September 27, 2017 10:15 PM ET

Liberty Broadband (LBRDA) sees Significant Insider Selling Continuing

There was a notable sale of shares of Liberty Broadband by an insider today, as revealed in a form 4 document filed with the SEC. One insider — John C Malone, 10% Owner and Director — sold 45,000 shares in the company having a market value of approximately $4,239,227. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 468,425 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 513,425 shares and have averaged 256,713 shares per transaction over this time period.

The number of insider buy/sell trades at Liberty Broadband is greater than the 14 peer company average over the last 90-day period. The Cable Service Providers peer group saw 20 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Liberty Broadband insiders was also higher. Within the peer group there were 0 shares purchased and 937,735 shares sold with company insiders selling 46,887 shares on average.

The data obtained 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.

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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