Insiders Make Significant Stock Sales in EPAM Systems (EPAM) Shares Extending the Trend of Last Quarter

Tuesday, October 10, 2017 10:15 PM ET

Insiders Make Significant Stock Sales in EPAM Systems (EPAM) Shares Extending the Trend of Last Quarter

SEC filings today reported significant insider sales of EPAM Systems shares as two insiders — Arkadiy Dobkin, Director and Officer, and Elaina Shekhter, Officer — disposed of 20,500 shares in the company having a market value of approximately $1,842,666. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 217,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 238,000 shares and have averaged 79,333 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at EPAM Systems is above the 154-company peer group average. IT Services & Consulting peer group saw 269 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for EPAM Systems insiders was also higher. Within the peer group there were 1,827,530 shares purchased and 18,499,304 shares sold with company insiders selling 61,977 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to create and write this story.

Today’s Insider Activity
* Arkadiy Dobkin, Director and Officer, sold 20,000 shares
* Elaina Shekhter, Officer, sold 500 shares

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 info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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