Friday, November 03, 2017 10:15 PM ET
Tyler Technologies (TYL) Insider Makes Significant Share Sale
A significant insider sale of the shares of Tyler Technologies was revealed in a form 4 document filed with the SEC today, showing — Luther King Jr, Director — sold 38,010 shares in the company having a market value of approximately $6,669,139. There have been 3 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 111,283 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 149,293 shares and have averaged 37,323 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Tyler Technologies is above its 95-company peer group average. The Software peer group saw 151 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 1,358,745 shares purchased and 9,918,114 shares sold with company insiders selling 56,685 shares on average over this time period.
The data used 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.
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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