Wednesday, November 15, 2017 10:15 PM ET
EPAM Systems (EPAM) Insider Makes Significant Share Sale
A filing with the SEC today revealed a substantial insider sale of EPAM Systems shares as — Arkadiy Dobkin, Director and Officer — disposed of 75,000 shares in the company having a market value of approximately $7,622,933. There have been 2 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 344,561 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 419,561 shares and have averaged 139,854 shares per transaction over this time period.
The level of buy/sell trading at EPAM Systems is is greater than the 157 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 246 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for EPAM Systems insiders was also higher. Within the peer group there were 1,811,273 shares purchased and 15,921,575 shares sold with company insiders disposing of 57,359 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 evaluating and writing this story.
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