Wednesday, December 06, 2017 10:15 PM ET
Alphabet (GOOG) sees Significant Insider Selling Continuing
There was a significant insider sale of Alphabet shares today, as indicated in a filing with the SEC as — Sundar Pichai, Director and Officer — disposed of 4,000 shares in the company having a market value of approximately $4,011,438 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 37,831 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 41,831 shares and have averaged 6,972 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Alphabet is higher than the 5-company peer group average. Search Engines peer group saw 21 buy/sell trades during this period for an average of 4.2 transactions per company. The number of shares per buy/sell trade for Alphabet insiders was also higher. Within the peer group there were 0 shares purchased and 37,831 shares sold with company insiders having sold 1,801 shares on average.
The data used in creating and writing in this story eliminates 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.
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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