Monday, January 22, 2018 10:15 PM ET
Cognizant Technology Solutions (CTSH) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
Cognizant Technology Solutions, today, saw three insiders — Chandrasekaran Ramakrishnan, Officer, Rajeev Mehta, Officer, and Debashis Chatterjee, Officer — sell 69,226 shares having a market value of approximately $5,330,402, as revealed in form 4 documents filed with the SEC. There have been 11 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 188,208 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 257,434 shares and have averaged 18,388 shares per transaction over this time period.
The number of insider buy/sell trades at Cognizant Technology Solutions is higher than that of the 160 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 238 buy/sell trades during this period for an average of 1.5 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 4,314,457 shares sold with company insiders selling 12,755 shares on average over this time period.
The data used in composing 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.
Today’s Insider Activity
* Chandrasekaran Ramakrishnan, Officer, sold 25,000 shares
* Rajeev Mehta, Officer, sold 42,500 shares
* Debashis Chatterjee, Officer, sold 1,726 shares
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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