Significant Insider Sales in Shares of HealthEquity (HQY) Extends the Selling Trend of Last Quarter

Tuesday, October 10, 2017 10:15 PM ET

Significant Insider Sales in Shares of HealthEquity (HQY) Extends the Selling Trend of Last Quarter

HealthEquity, today, saw two insiders — Frank Medici, Director, and Berkley Capital Llc, 10% Owner — sell 633,288 shares having a market value of approximately $32,907,465, as disclosed in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 1,074,204 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,707,492 shares and have averaged 426,873 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at HealthEquity is greater than its 17-company peer group average. The Medical Software & Technology Services peer group saw 55 buy/sell trades during this period for an average of 3.2 transactions per company. However, the number of shares traded per transaction by HealthEquity insiders is lower than its peers. Within the peer group there were 211,360 shares purchased and 30,081,202 shares sold with company insiders selling 543,088 shares on average over this time period.

The data used in creating 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.

Today’s Insider Activity
* Frank Medici, Director, sold 316,644 shares
* Berkley Capital Llc, 10% Owner, sold 316,644 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.

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