Tuesday, November 21, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at Citrix Systems (CTXS)
There was a notable sale of shares of Citrix Systems by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Robert Calderoni, Director and Officer — disposed of 60,000 shares in the company having a market value of approximately $5,136,480. There have been 4 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 23,534 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 83,534 shares and have averaged 16,707 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 97-company peer group average. The Software peer group saw 161 buy/sell trades during this period for an average of 1.7 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 1,216,105 shares purchased and 3,798,999 shares sold with company insiders selling 16,043 shares on average over this time period.
The data obtained 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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