Friday, January 19, 2018 10:15 PM ET
Zayo Group Holdings (ZAYO) sees Significant Insider Selling Continuing
A filing with the SEC today revealed a notable insider sale of Zayo Group Holdings shares as — Daniel Caruso, Director and Officer — disposed of 123,738 shares in the company having a market value of approximately $4,553,162. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 43,095 company shares and the disposition of 5,048,899 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 5,129,542 shares and have averaged 745,105 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Zayo Group Holdings is greater than the 3-company peer group average. Telcommunications Network Infrastructure peer group saw 7 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for Zayo Group Holdings insiders was also higher. Within the peer group there were 43,095 shares purchased and 5,048,899 shares sold with company insiders disposing of 715,115 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in evaluating and writing this story.
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