Monday, December 11, 2017 10:15 PM ET
Insider Sales at Cognizant Technology Solutions (CTSH) Extends the Selling Trend of Last Quarter
In SEC filings today Cognizant Technology Solutions revealed three insiders — Karen McLoughlin, Officer, Gajakarnan Vibushanan Kandiah, Officer, and Sean Middleton, Officer — sold 20,282 shares in the company having a market value of approximately $1,447,666. There have been 12 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 211,087 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 231,369 shares and have averaged 15,425 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Cognizant Technology Solutions is higher than its 160-company peer group average. The IT Services & Consulting peer group saw 261 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Cognizant Technology Solutions insiders is lower than its peers. Within the peer group there were 2,377,939 shares purchased and 15,904,366 shares sold with company insiders disposing of 51,825 shares on average over this time period.
The data sourced in composing 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.
Today’s Insider Activity
* Karen McLoughlin, Officer, sold 14,369 shares
* Gajakarnan Vibushanan Kandiah, Officer, sold 4,635 shares
* Sean Middleton, Officer, sold 1,278 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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