Tuesday, November 21, 2017 10:15 PM ET
Insider Sales at Marcus & Millichap (MMI) Extends the Selling Trend of Last Quarter
Two insiders — Phoenix Investments Holdings Llc, 10% Owner, and George M Marcus, 10% Owner and Director — sold 1,138,174 shares of Marcus & Millichap having a market value of approximately $34,858,895, today, as reported in form 4 documents filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 875,668 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,013,842 shares and have averaged 335,640 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Marcus & Millichap is greater than the 20-company peer group average. Real Estate Services peer group saw 38 buy/sell trades during this period for an average of 1.9 transactions per company. The number of shares per buy/sell trade for Marcus & Millichap insiders was also higher. Within the peer group there were 115,683 shares purchased and 6,757,965 shares sold with company insiders disposing of 174,797 shares on average.
The data sourced 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.
Today’s Insider Activity
* Phoenix Investments Holdings Llc, 10% Owner, sold 569,087 shares
* George M Marcus, 10% Owner and Director, sold 569,087 shares
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.
For more information, contact UpTick at email@example.com. Copyright 2017 UpTick Data Technologies. All rights reserved.