Thursday, October 26, 2017 10:15 PM ET
Significant Insider Selling in Shares of Web.Com Group (WEB) Continues
One insider — Okumus Fund Management Ltd, 10% Owner — today, disposed of 43,544 shares of Web.Com Group having a market value of approximately $1,101,938, as revealed in a form 4 document filed with the SEC. 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 disposition of 6,491,473 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 6,535,017 shares and have averaged 2,178,339 shares per transaction over this time period.
Web.Com Group insider trading represents a level of buy/sell trades that is above for the 156 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 257 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Web.Com Group insiders was also higher. Within the peer group there were 1,832,383 shares purchased and 15,111,846 shares sold with company insiders disposing of 51,671 shares on average.
The data sourced in creating 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.
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