Wednesday, September 27, 2017 10:15 PM ET
Significant Insider Selling in Shares of Zayo Group Holdings (ZAYO) Continues
An insider — Daniel Caruso, Director and Officer — sold 29,114 shares of Zayo Group Holdings having a market value of approximately $1,000,066 today, as indicated in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 829,764 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 858,878 shares and have averaged 171,776 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Zayo Group Holdings is greater than the 3-company peer group average. Telcommunications Network Infrastructure peer group saw 9 buy/sell trades during this period for an average of 3.0 transactions per company. The number of shares per buy/sell trade for Zayo Group Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 829,764 shares sold with company insiders having sold 92,196 shares on average.
In order to focus on 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 data used to evaluate and write this story.
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