Significant Insider Selling in Shares of Alphabet (GOOG) Continues

Wednesday, October 18, 2017 10:15 PM ET

Significant Insider Selling in Shares of Alphabet (GOOG) Continues

There was a significant sale of shares of Alphabet by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Sundar Pichai, Director and Officer — sold 4,000 shares in the company having a market value of approximately $3,974,310. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 34,946 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 38,946 shares and have averaged 4,868 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Alphabet is greater than the 6-company peer group average. Search Engines peer group saw 19 buy/sell trades during this period for an average of 3.2 transactions per company. The number of shares per buy/sell trade for Alphabet insiders was also higher. Within the peer group there were 0 shares purchased and 34,946 shares sold with company insiders selling 1,839 shares on average.

The data used 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.

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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