Thursday, January 04, 2018 10:15 PM ET
Insider Sale at Alphabet (GOOG) Continues Selling Trend
An insider — Sundar Pichai, Director and Officer — sold 4,000 shares of Alphabet having a market value of approximately $4,260,848 today, as revealed in a form 4 document filed with the SEC. 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 sale 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.
Over the last 90 days, the number of insider buy/sell trades at Alphabet is higher than the 7-company peer group average. Search Engines peer group saw 19 buy/sell trades during this period for an average of 2.7 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 disposing of 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 sourced to compose and write this story.
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