Wednesday, January 24, 2018 10:15 PM ET
Significant Insider Sales Reported in Shares of Inspired Entertainment (INSE)
There was a notable level of share sales at Inspired Entertainment by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders — I B L.P. Vip, 10% Owner, and Partners LLP Vitruvian, 10% Owner — sold 7,859,014 shares in the company having a market value of approximately $58,262,014. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 3,929,507 shares per transaction.
Inspired Entertainment insider trading represents a higher number of buy/sell transactions than for the 12 peer company average over the last 90-day period. The Internet Gaming peer group saw 5 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Inspired Entertainment insiders was also higher. Within the peer group there were 0 shares purchased and 152,000 shares sold with company insiders selling 30,400 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 composing and writing this story.
Today’s Insider Activity
* I B L.P. Vip, 10% Owner, sold 3,929,507 shares
* Partners LLP Vitruvian, 10% Owner, sold 3,929,507 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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