Significant Insider Selling in Shares of Veritex Holdings (VBTX) Continues

Thursday, October 05, 2017 10:15 PM ET

Significant Insider Selling in Shares of Veritex Holdings (VBTX) Continues

There was a substantial sale of shares of Veritex Holdings by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Ned N Fleming III, Director — disposed of 66,997 shares in the company having a market value of approximately $1,802,219. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 2,155 company shares and the disposition of 266,803 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 331,645 shares and have averaged 83,989 shares per transaction over this time period.

The number of insider buy/sell trades at Veritex Holdings is above that of the 327 peer company average over the last 90-day period. The Banks peer group saw 378 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Veritex Holdings insiders is lower than its peers. Within the peer group there were 617,099 shares purchased and 38,115,854 shares sold with company insiders having sold 99,203 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing 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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.