Thursday, January 18, 2018 10:15 PM ET
Significant Insider Selling Continues at Cognizant Technology Solutions (CTSH)
An insider — Chandrasekaran Ramakrishnan, Officer — sold 25,000 shares of Cognizant Technology Solutions having a market value of approximately $1,886,000 today, as revealed in a form 4 document filed with the SEC. There have been 10 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 93,083 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 118,083 shares and have averaged 10,735 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Cognizant Technology Solutions is higher than its 160-company peer group average. The IT Services & Consulting peer group saw 225 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by Cognizant Technology Solutions insiders is lower than its peers. Within the peer group there were 1,278,829 shares purchased and 4,063,793 shares sold with company insiders disposing of 12,378 shares on average over this time period.
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 create and write this story.
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