Tuesday, October 31, 2017 10:15 PM ET
Tyler Technologies (TYL) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
There was substantial level of selling of Tyler Technologies shares by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders — Luther King Jr, Director, and Larry D Leinweber, Director — disposed of 51,500 shares in the company having a market value of approximately $9,134,905. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 95,783 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 147,283 shares and have averaged 36,821 shares per transaction over this time period.
The number of insider buy/sell trades at Tyler Technologies is greater than that of the 95 peer company average over the last 90-day period. The Software peer group saw 150 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Tyler Technologies insiders is lower than its peers. Within the peer group there were 1,363,745 shares purchased and 9,983,776 shares sold with company insiders selling 57,467 shares on average over this time period.
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.
Today’s Insider Activity
* Luther King Jr, Director, sold 1,500 shares
* Larry D Leinweber, Director, sold 50,000 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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