Thursday, December 21, 2017 10:15 PM ET
Significant Insider Selling Continues at Alphabet (GOOG)
There was a substantial sale of shares of Alphabet by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Sundar Pichai, Director and Officer — disposed of 4,000 shares in the company having a market value of approximately $4,290,548. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 36,900 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 40,900 shares and have averaged 8,180 shares per transaction over this time period.
Alphabet insider trading represents a level of buy/sell trades that is above for the 6 peer company average over the last 90-day period. The Search Engines peer group saw 19 buy/sell trades during this period for an average of 3.2 transactions per company. The number of shares per buy/sell trade for Alphabet insiders was also higher. Within the peer group there were 0 shares purchased and 36,900 shares sold with company insiders having sold 1,942 shares on average.
In determining significant insider buying and selling, 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 evaluate 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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