Significant Insider Sales Reported in Shares of HealthEquity (HQY) Extending the Trend of Last Quarter

Thursday, November 09, 2017 10:15 PM ET

Significant Insider Sales Reported in Shares of HealthEquity (HQY) Extending the Trend of Last Quarter

A substantial level of insider sales in HealthEquity was reported in form 4 documents filed with the SEC today. Two insiders — Frank Medici, Director, and Berkley Capital Llc, 10% Owner — disposed of 31,404 shares in the company having a market value of approximately $1,699,248. 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 1,510,886 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,542,290 shares and have averaged 385,573 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at HealthEquity is greater than its 17-company peer group average. The Medical Software & Technology Services peer group saw 56 buy/sell trades during this period for an average of 3.3 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 327,200 shares purchased and 30,377,409 shares sold with company insiders disposing of 536,611 shares on average over this time period.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.

Today’s Insider Activity
* Frank Medici, Director, sold 15,702 shares
* Berkley Capital Llc, 10% Owner, sold 15,702 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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