Significant Insider Sales Reported in Shares of SandRidge Energy (SD) Reversing the Buying Trend of Last Quarter

Wednesday, January 03, 2018 10:15 PM ET

Significant Insider Sales Reported in Shares of SandRidge Energy (SD) Reversing the Buying Trend of Last Quarter

There was a notable level of share sales at SandRidge Energy by insiders today, as reported in form 4 documents filed with the SEC. Two insiders — James Donald Bennett, Director and Officer, and Philip T Warman, Officer — disposed of 113,351 shares in the company having a market value of approximately $2,395,464. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the purchase of 1,257,242 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,143,891 shares and have averaged 456,864 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at SandRidge Energy is greater than the 193-company peer group average. Oil & Gas Exploration and Production peer group saw 166 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for SandRidge Energy insiders was also higher. Within the peer group there were 3,739,979 shares purchased and 8,062,199 shares sold with company insiders selling 26,037 shares on average.

The data used in evaluating 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.

Today’s Insider Activity
* James Donald Bennett, Director and Officer, sold 100,000 shares
* Philip T Warman, Officer, sold 13,351 shares

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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