Wednesday, January 17, 2018 10:15 PM ET
Alphabet (GOOG) sees Significant Insider Selling Continuing
A SEC filing today disclosed a substantial insider sale of Alphabet shares as — Sundar Pichai, Director and Officer — disposed of 4,000 shares in the company having a market value of approximately $4,508,683. 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.
The number of insider buy/sell trades at Alphabet is higher than the 7 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 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 having sold 1,942 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.
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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