Tuesday, November 21, 2017 10:15 PM ET
Significant Insider Selling Continues at Splunk (SPLK)
There was a significant sale of shares of Splunk by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Susan St Ledger, Officer — sold 14,578 shares in the company having a market value of approximately $1,160,046. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 66,997 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 81,575 shares and have averaged 13,596 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Splunk 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 Splunk 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.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write 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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