Bottomline Technologies (EPAY) sees Significant Insider Sales Extending the Trend of Last Quarter

Friday, November 24, 2017 10:15 PM ET

Bottomline Technologies (EPAY) sees Significant Insider Sales Extending the Trend of Last Quarter

Two insiders — Robert A Eberle, Director and Officer, and Nigel K Savory, Officer — disposed of 42,221 shares of Bottomline Technologies having a market value of approximately $1,413,461, today, as disclosed in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 4,497 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 46,718 shares and have averaged 11,680 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Bottomline Technologies is greater than its 97-company peer group average. The Software peer group saw 169 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares traded per transaction by Bottomline Technologies insiders is lower than its peers. Within the peer group there were 1,211,105 shares purchased and 6,180,344 shares sold with company insiders disposing of 29,404 shares on average over this time period.

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 obtained to create and write this story.

Today’s Insider Activity
* Robert A Eberle, Director and Officer, sold 30,907 shares
* Nigel K Savory, Officer, sold 11,314 shares

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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