Wednesday, January 24, 2018 10:15 PM ET
Cognizant Technology Solutions (CTSH) sees Significant Insider Sales Extending the Trend of Last Quarter
There was a notable level of share sales at Cognizant Technology Solutions today, as disclosed in filings with the SEC. Two insiders — Chandrasekaran Ramakrishnan, Officer, and Rajeev Mehta, Officer — disposed of 67,563 shares in the company having a market value of approximately $5,248,633. There have been 12 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 257,434 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 324,997 shares and have averaged 23,214 shares per transaction over this time period.
The level of buy/sell trading at Cognizant Technology Solutions is is above the 160 peer company average over the last 90-day period. However, the number of shares per average transaction for Cognizant Technology Solutions insider buy-sell trading is very close to the average of the IT Services & Consulting peer group of companies. This peer group saw 1,278,829 shares purchased and 4,438,865 shares sold resulting in an average of 23,530 shares traded and netting out with company insiders selling 13,004 shares on average.
The data obtained 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 42,563 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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