Tuesday, October 17, 2017 10:15 PM ET
CDW (CDW) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
There was a significant level of insider selling reported today in filings with the SEC for CDW. Two insiders — Christina M Corley, Officer, and Thomas E Richards, Director and Officer — sold 18,503 shares in the company for approximately $1,257,615. There have been 5 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 105,373 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 123,876 shares and have averaged 17,697 shares per transaction over this time period.
The number of insider buy/sell trades at CDW is higher than that of the 156 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 266 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares traded per transaction by CDW insiders is lower than its peers. Within the peer group there were 1,817,713 shares purchased and 18,628,188 shares sold with company insiders selling 63,197 shares on average over this time period.
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 compose and write this story.
Today’s Insider Activity
* Christina M Corley, Officer, sold 4,000 shares
* Thomas E Richards, Director and Officer, sold 14,503 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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