Insider at Vonage Holdings (VG) Makes Significant Sale of Stock

Thursday, December 21, 2017 10:15 PM ET

Insider at Vonage Holdings (VG) Makes Significant Sale of Stock

A SEC filing today disclosed a significant insider sale of Vonage Holdings shares as — Jeffrey A Citron, Director — sold 414,916 shares in the company having a market value of approximately $4,223,112. There have been 3 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 458,585 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 873,501 shares and have averaged 218,375 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Vonage Holdings is higher than the 10-company peer group average. Wireless Telecoms Service Providers peer group saw 3 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Vonage Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 458,585 shares sold with company insiders having sold 152,862 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write 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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