Tuesday, November 14, 2017 10:15 PM ET
Insider Sale at Ultimate Software Group (ULTI) Continues Selling Trend
There was a notable insider sale of Ultimate Software Group shares today, as indicated in a filing with the SEC as — Alois T Leiter, Director — sold 5,559 shares in the company having a market value of approximately $1,101,559 There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 137,343 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 142,902 shares and have averaged 15,878 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Ultimate Software Group is greater than its 96-company peer group average. The Software peer group saw 152 buy/sell trades during this period for an average of 1.6 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 1,294,605 shares purchased and 2,783,582 shares sold with company insiders selling 9,796 shares on average over this time period.
The data used in creating 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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