Citrix Systems (CTXS) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Thursday, November 09, 2017 10:15 PM ET

Citrix Systems (CTXS) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

There was substantial level of net selling of Citrix Systems shares today, as reported in filings with the SEC. Two insiders — David J Henshall, Director and Officer, and Mark M Coyle, Officer — sold 15,000 shares in the company having a market value of approximately $1,263,950. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 4 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 15,004 shares and have averaged 5,001 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Citrix Systems is above its 96-company peer group average. The Software peer group saw 156 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Citrix Systems insiders is lower than its peers. Within the peer group there were 1,355,745 shares purchased and 3,068,533 shares sold with company insiders selling 10,979 shares on average over this time period.

Significant insider buying and selling activity 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 data sourced in composing and writing this story.

Today’s Insider Activity
* David J Henshall, Director and Officer, sold 12,500 shares
* Mark M Coyle, Officer, sold 2,500 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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