Significant Insider Selling in Shares of SharpSpring

Tuesday, November 21, 2017 10:15 PM ET

Significant Insider Selling in Shares of SharpSpring

An insider sold 2,021,929 shares of SharpSpring having a market value of approximately $7,885,523 today, as revealed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.

The number of buy-sell trades for SharpSpring is close to that of the 18 member peer company average. The Cloud Computing Services peer group saw 25 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares per buy/sell trade transacted by SharpSpring insiders is higher. Within the peer group there were 28,436 shares purchased and 259,128 shares sold with company insiders disposing of 9,228 shares on average.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to evaluate 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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

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