Wednesday, November 22, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at Zayo Group Holdings (ZAYO)
There was a significant sale of shares of Zayo Group Holdings by an insider today, as indicated in a form 4 document filed with the SEC. One insider — GTCR Fund X/A Lp, 10% Owner — sold 4,700,000 shares in the company having a market value of approximately $168,730,000. 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 454,838 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 5,154,838 shares and have averaged 859,140 shares per transaction over this time period.
Zayo Group Holdings insider trading represents a level of buy/sell trades that is above for the 3 peer company average over the last 90-day period. The Telcommunications Network Infrastructure peer group saw 7 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for Zayo Group Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 454,838 shares sold with company insiders selling 64,977 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 evaluating 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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