Significant Insider Selling Continues at LendingTree (TREE)

Monday, November 27, 2017 10:15 PM ET

Significant Insider Selling Continues at LendingTree (TREE)

A filing with the SEC today disclosed a notable insider sale of LendingTree shares as — Douglas R Lebda, 10% Owner, Director and Officer — sold 8,000 shares in the company having a market value of approximately $2,379,138. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 9,000 company shares and the sale of 43,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 42,000 shares and have averaged 10,000 shares per transaction over this time period.

The number of insider buy/sell trades at LendingTree is higher than that of the 20 peer company average over the last 90-day period. The Consumer Lending peer group saw 41 buy/sell trades during this period for an average of 2.1 transactions per company. However, the number of shares traded per transaction by LendingTree insiders is lower than its peers. Within the peer group there were 127,700 shares purchased and 372,996 shares sold with company insiders selling 5,983 shares on average over this time period.

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 composing 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.

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