Significant Insider Selling in Shares of Shutterfly (SFLY) Continues

Wednesday, November 22, 2017 10:15 PM ET

Significant Insider Selling in Shares of Shutterfly (SFLY) Continues

A filing with the SEC today disclosed a significant insider sale of Shutterfly shares as — Satish Menon, Officer — disposed of 25,000 shares in the company having a market value of approximately $1,057,451. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 644 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 25,644 shares and have averaged 12,822 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Shutterfly is above the 3-company peer group average. Gift, Novelty & Souvenir Stores peer group saw 1 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Shutterfly insiders was also higher. Within the peer group there were 0 shares purchased and 644 shares sold with company insiders having sold 644 shares on average.

Significant insider buying and selling activity 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 data sourced 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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