Insider Sale at Tyler Technologies (TYL) Continues Selling Trend

Thursday, December 14, 2017 10:15 PM ET

Insider Sale at Tyler Technologies (TYL) Continues Selling Trend

An insider — Larry D Leinweber, Director — sold 22,217 shares of Tyler Technologies having a market value of approximately $4,046,671 today, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 202,681 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 224,898 shares and have averaged 74,966 shares per transaction over this time period.

The number of insider buy/sell trades at Tyler Technologies is higher than that of the 97 peer company average over the last 90-day period. The Software peer group saw 173 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Tyler Technologies insiders is lower than its peers. Within the peer group there were 1,058,104 shares purchased and 12,530,836 shares sold with company insiders having sold 66,316 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 obtained in evaluating 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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