HealthEquity (HQY) sees Significant Insider Sales Extending the Trend of Last Quarter

Monday, November 06, 2017 10:15 PM ET

HealthEquity (HQY) sees Significant Insider Sales Extending the Trend of Last Quarter

Two insiders — Frank Medici, Director, and Berkley Capital Llc, 10% Owner — today, disposed of 839,008 shares of HealthEquity having a market value of approximately $44,446,229, as reported in form 4 documents filed with the SEC. 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 671,878 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,510,886 shares and have averaged 377,722 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at HealthEquity is higher than its 17-company peer group average. The Medical Software & Technology Services peer group saw 59 buy/sell trades during this period for an average of 3.5 transactions per company. However, the number of shares traded per transaction by HealthEquity insiders is lower than its peers. Within the peer group there were 478,095 shares purchased and 29,562,521 shares sold with company insiders having sold 492,956 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 evaluating and writing this story.

Today’s Insider Activity
* Frank Medici, Director, sold 419,504 shares
* Berkley Capital Llc, 10% Owner, sold 419,504 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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