Cisco (CSCO) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Monday, November 27, 2017 10:15 PM ET

Cisco (CSCO) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Three insiders — John T Chambers, Director and Officer, Prat Bhatt, Officer, and Karen Walker, Officer — sold 258,392 shares of Cisco having a market value of approximately $9,430,903, today, as revealed in form 4 documents filed with the SEC. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 65,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 323,392 shares and have averaged 80,848 shares per transaction over this time period.

The number of insider buy/sell trades at Cisco is higher than the 69 peer company average over the last 90-day period. The Communications & Networking peer group saw 96 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Cisco insiders was also higher. Within the peer group there were 156,376 shares purchased and 805,702 shares sold with company insiders disposing of 6,764 shares on average.

In order to focus on 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 data sourced to evaluate and write this story.

Today’s Insider Activity
* John T Chambers, Director and Officer, sold 250,000 shares
* Prat Bhatt, Officer, sold 2,606 shares
* Karen Walker, Officer, sold 5,786 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.

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

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