Thursday, November 09, 2017 10:15 PM ET
Insider Selling in Alphabet (GOOG) Shares Continues
A filing with the SEC today disclosed a significant insider sale of Alphabet shares as — Sundar Pichai, Director and Officer — disposed of 4,000 shares in the company having a market value of approximately $3,697,451. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 35,966 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 39,966 shares and have averaged 6,661 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Alphabet is above the 5-company peer group average. Search Engines peer group saw 19 buy/sell trades during this period for an average of 3.8 transactions per company. The number of shares per buy/sell trade for Alphabet insiders was also higher. Within the peer group there were 0 shares purchased and 35,966 shares sold with company insiders disposing of 1,893 shares on average.
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 composing and writing this story.
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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