Thursday, October 19, 2017 10:15 PM ET
Vonage Holdings (VG) sees Significant Insider Selling Continuing
A SEC filing today disclosed a notable insider sale of Vonage Holdings shares as — Jeffrey A Citron, Director — sold 414,913 shares in the company having a market value of approximately $3,368,153. There have been 2 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 1,028,176 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,443,089 shares and have averaged 481,030 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Vonage Holdings is greater than the 10-company peer group average. Wireless Telecom peer group saw 4 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Vonage Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 1,036,428 shares sold with company insiders selling 259,107 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing 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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