Wednesday, November 08, 2017 10:15 PM ET
Insider at Envestnet (ENV) Makes Significant Sale of Stock
There was a significant sale of shares of Envestnet by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Judson Bergman, Director and Officer — sold 20,000 shares in the company having a market value of approximately $1,064,200. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 238 company shares and the disposition of 42,464 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 62,226 shares and have averaged 7,838 shares per transaction over this time period.
The number of insider buy/sell trades at Envestnet is higher than that of the 62 peer company average over the last 90-day period. The Enterprise Software peer group saw 176 buy/sell trades during this period for an average of 2.8 transactions per company. However, the number of shares traded per transaction by Envestnet insiders is lower than its peers. Within the peer group there were 230,546 shares purchased and 6,441,696 shares sold with company insiders disposing of 35,291 shares on average over this time period.
The data used in composing 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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