Monday, November 06, 2017 10:15 PM ET
EPAM Systems (EPAM) sees Significant Insider Sales Extending the Trend of Last Quarter
There was significant selling of EPAM Systems shares today, as reported in filings with the SEC. Two insiders — Arkadiy Dobkin, Director and Officer, and Elaina Shekhter, Officer — disposed of 75,554 shares in the company having a market value of approximately $7,486,329. 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 283,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 358,554 shares and have averaged 89,639 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at EPAM Systems is above the 156-company peer group average. IT Services & Consulting peer group saw 267 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for EPAM Systems insiders was also higher. Within the peer group there were 1,801,089 shares purchased and 16,454,181 shares sold with company insiders disposing of 54,880 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to create and write this story.
Today’s Insider Activity
* Arkadiy Dobkin, Director and Officer, sold 74,293 shares
* Elaina Shekhter, Officer, sold 1,261 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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