Thursday, January 18, 2018 10:15 PM ET
Significant Insider Selling in Shares of QuinStreet (QNST) Continues
There was a substantial sale of shares of QuinStreet by an insider today, as indicated in a form 4 document filed with the SEC. One insider — James R Simons, Director — sold 229,627 shares in the company having a market value of approximately $2,065,948. There have been 2 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 243,716 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 473,343 shares and have averaged 157,781 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at QuinStreet is higher than the 1-company peer group average. Direct Marketing peer group saw 2 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for QuinStreet insiders was also higher. Within the peer group there were 0 shares purchased and 243,716 shares sold with company insiders selling 121,858 shares on average.
The data sourced in creating 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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