Thursday, December 21, 2017 10:15 PM ET
Insider Selling in Cisco (CSCO) Shares Continues
A SEC filing today revealed a notable insider sale of Cisco shares as — Rebecca Jacoby, Officer — sold 75,021 shares in the company having a market value of approximately $2,882,314. 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 sale of 473,622 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 548,643 shares and have averaged 91,441 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Cisco is above the 71-company peer group average. Communications & Networking peer group saw 97 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Cisco insiders was also higher. Within the peer group there were 122,400 shares purchased and 1,365,759 shares sold with company insiders having sold 12,818 shares on average.
The data obtained 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.
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