Friday, January 12, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Vonage Holdings (VG)
There was a significant insider sale of Vonage Holdings shares today, as disclosed in a filing with the SEC as — Jeffrey A Citron, Director — sold 514,913 shares in the company having a market value of approximately $5,337,766 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 873,501 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,388,414 shares and have averaged 347,104 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Vonage Holdings is higher than the 10-company peer group average. Wireless Telecoms Service Providers peer group saw 4 buy/sell trades during this period for an average of 0.4 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 873,501 shares sold with company insiders having sold 218,375 shares on average.
The data obtained 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.
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