Ultimate Software Group (ULTI) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Wednesday, November 08, 2017 10:15 PM ET

Ultimate Software Group (ULTI) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

A significant level of insider sales in Ultimate Software Group was reported in form 4 documents filed with the SEC today. Six insiders listed below, sold 127,758 shares in the company having a market value of approximately $25,061,849. 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 sale of 9,585 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 137,343 shares and have averaged 17,168 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Ultimate Software Group is above its 96-company peer group average. The Software peer group saw 145 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by Ultimate Software Group insiders is lower than its peers. Within the peer group there were 1,355,745 shares purchased and 2,896,282 shares sold with company insiders selling 10,624 shares on average over this time period.

The data used in evaluating 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.

Today’s Insider Activity
* Scott Scherr, Director and Officer, sold 43,537 shares
* Marc D Scherr, Director and Officer, sold 29,992 shares
* Mitchell K Dauerman, Officer, sold 15,480 shares
* John C Phenicie, Officer, sold 10,156 shares
* Adam Rogers, Officer, sold 16,487 shares
* Gregory Swick, Officer, sold 12,106 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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