Continued Level of Significant Insider Selling at EPAM Systems (EPAM)

Tuesday, November 21, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at EPAM Systems (EPAM)

One insider — Arkadiy Dobkin, Director and Officer — today, disposed of 19,600 shares of EPAM Systems having a market value of approximately $2,022,924, as disclosed in a form 4 document filed with the SEC. There have been 3 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 423,561 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 443,161 shares and have averaged 110,790 shares per transaction over this time period.

The level of buy/sell trading at EPAM Systems is is higher than the 157 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 254 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 1,951,028 shares purchased and 16,079,025 shares sold with company insiders selling 55,622 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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