Insider Selling at LendingTree (TREE) Continues with Significant Sale

Friday, November 03, 2017 10:15 PM ET

Insider Selling at LendingTree (TREE) Continues with Significant Sale

A substantial insider sale of the shares of LendingTree was disclosed in a form 4 document filed with the SEC today, showing — Douglas R Lebda, 10% Owner, Director and Officer — sold 4,000 shares in the company having a market value of approximately $1,059,757. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 5,000 company shares and the disposition of 23,850 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 22,850 shares and have averaged 5,475 shares per transaction over this time period.

The number of insider buy/sell trades at LendingTree is greater than that of the 20 peer company average over the last 90-day period. The Consumer Lending peer group saw 27 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by LendingTree insiders is lower than its peers. Within the peer group there were 25,000 shares purchased and 279,046 shares sold with company insiders having sold 9,409 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write 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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