Science Applications International (SAIC) Insider Makes Significant Share Sale

Monday, October 16, 2017 10:15 PM ET

Science Applications International (SAIC) Insider Makes Significant Share Sale

There was a notable sale of shares of Science Applications International by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Nazzic S Keene, Officer — disposed of 18,772 shares in the company having a market value of approximately $1,292,405. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 14,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 32,772 shares and have averaged 16,386 shares per transaction over this time period.

The level of buy-sell trades at Science Applications International is close to that of the 156 member peer company average. The IT Services & Consulting peer group saw 267 buy/sell trades during this period for an average of 1.7 transactions per company. However, trading at Science Applications International represents a lower number of shares per transaction. Within the peer group there were 1,817,713 shares purchased and 18,629,600 shares sold with company insiders selling 62,966 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all 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 sourced to evaluate and write 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.

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