Insider Sale at Mellanox Technologies (MLNX) Continues Selling Trend

Wednesday, November 01, 2017 10:15 PM ET

Insider Sale at Mellanox Technologies (MLNX) Continues Selling Trend

A SEC filing today disclosed a notable insider sale of Mellanox Technologies shares as — Shai Cohen, Director — disposed of 50,000 shares in the company having a market value of approximately $2,357,550. 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 7,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 57,500 shares and have averaged 19,167 shares per transaction over this time period.

The number of insider buy/sell trades at Mellanox Technologies is higher than that of the 77 peer company average over the last 90-day period. The Semiconductors peer group saw 179 buy/sell trades during this period for an average of 2.3 transactions per company. However, the number of shares traded per transaction by Mellanox Technologies insiders is lower than its peers. Within the peer group there were 184,030 shares purchased and 64,812,761 shares sold with company insiders having sold 361,054 shares on average over this time period.

The data used in evaluating 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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