Insider Sales at HealthEquity (HQY) are Significant and Extend the Selling Trend of Last Quarter

Monday, October 16, 2017 10:15 PM ET

Insider Sales at HealthEquity (HQY) are Significant and Extend the Selling Trend of Last Quarter

In SEC filings today HealthEquity reported two insiders — Frank Medici, Director, and Berkley Capital Llc, 10% Owner — disposed of 22,790 shares in the company having a market value of approximately $1,182,995. 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 disposition of 633,288 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 656,078 shares and have averaged 164,020 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 54 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 29,623,631 shares sold with company insiders selling 544,672 shares on average over this time period.

The data obtained 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.

Today’s Insider Activity
* Frank Medici, Director, sold 11,395 shares
* Berkley Capital Llc, 10% Owner, sold 11,395 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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