Tuesday, November 21, 2017 10:15 PM ET
Insider at Bridgepoint Education (BPI) Makes Significant Sale of Stock Slowing Buy Trend of Last Quarter
An insider disposed of 7,562,890 shares of Bridgepoint Education having a market value of approximately $59,746,831 today, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 1,229 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 7,561,661 shares and have averaged 3,782,060 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Bridgepoint Education is above the 18-company peer group average. General Education Services peer group saw 19 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Bridgepoint Education insiders was also higher. Within the peer group there were 1,229 shares purchased and 122,040 shares sold with company insiders disposing of 6,358 shares on average.
The data used in composing 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.
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