Continued Level of Significant Insider Selling at Trupaion (TRUP)

Wednesday, October 04, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Trupaion (TRUP)

A filing with the SEC today disclosed a significant insider sale of Trupaion shares as — Howard E Rubin, Director — sold 100,000 shares in the company having a market value of approximately $2,590,495. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 21,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 121,000 shares and have averaged 60,500 shares per transaction over this time period.

Trupaion insider trading represents a level of buy/sell trades that is below for the 2 peer company average over the last 90-day period. The Health Insurance peer group saw 16 buy/sell trades during this period for an average of 8.0 transactions per company. However, the number of shares per buy/sell trade for Trupaion is higher. Within the peer group there were 3,000 shares purchased and 140,551 shares sold with company insiders selling 8,597 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 compose and write this story.

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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