Insider Selling at Cloudera (CLDR) Continues with Significant Sale

Thursday, December 14, 2017 10:15 PM ET

Insider Selling at Cloudera (CLDR) Continues with Significant Sale

There was a substantial sale of shares of Cloudera by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Ping Li, Director — disposed of 2,675,710 shares in the company having a market value of approximately $44,149,215. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 50,000 company shares and the sale of 17,239,403 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 19,865,113 shares and have averaged 2,852,159 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Cloudera is above the 5-company peer group average. Data Processing Services peer group saw 16 buy/sell trades during this period for an average of 3.2 transactions per company. The number of shares per buy/sell trade for Cloudera insiders was also higher. Within the peer group there were 115,837 shares purchased and 17,239,403 shares sold with company insiders disposing of 1,070,223 shares on average.

The data used 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.

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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