Wednesday, October 04, 2017 10:15 PM ET
Nvidia (NVDA) sees Significant Insider Selling Continuing
There was a substantial sale of shares of Nvidia by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Michael Byron, Officer — sold 9,538 shares in the company having a market value of approximately $1,714,902. There have been 5 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 456,531 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 466,069 shares and have averaged 77,678 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Nvidia is higher than its 77-company peer group average. The Semiconductors peer group saw 164 buy/sell trades during this period for an average of 2.1 transactions per company. However, the number of shares traded per transaction by Nvidia insiders is lower than its peers. Within the peer group there were 190,430 shares purchased and 50,367,020 shares sold with company insiders disposing of 305,955 shares on average over this time period.
The data used in composing 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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