Wednesday, November 22, 2017 10:15 PM ET
Insider Makes Significant Stock Sells in Presidio (PSDO) Shares
There was a substantial sale of shares of Presidio by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Apollo Management Holdings GP, LLC, 10% Owner — sold 9,200,000 shares in the company having a market value of approximately $125,200,040. This is the first insider buy/sell trade in the past 90 days.
In relation to the peer group over the last 90 days, insider buy/sell trading at Presidio is lower than the 157-company peer group average. IT Services & Consulting peer group saw 256 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade for Presidio is higher. Within the peer group there were 1,896,466 shares purchased and 16,282,905 shares sold with company insiders selling 56,197 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 compose and write this story.
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