Monday, November 27, 2017 10:15 PM ET
Intuit (INTU) sees Significant Insider Selling Continuing
A significant insider sale of the shares of Intuit was disclosed in a form 4 document filed with the SEC today, showing — Scott D Cook, Director and Officer — disposed of 183,334 shares in the company having a market value of approximately $27,768,102. 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 disposition of 415,571 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 598,905 shares and have averaged 99,818 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Intuit is higher than the 62-company peer group average. Enterprise Software peer group saw 170 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for Intuit insiders was also higher. Within the peer group there were 733,806 shares purchased and 6,593,231 shares sold with company insiders selling 34,467 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 used to compose and write this story.
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