Friday, January 26, 2018 10:15 PM ET
Insider Sale at Logitech International (LOGI) Continues Selling Trend
A significant insider sale of the shares of Logitech International was revealed in a form 4 document filed with the SEC today, showing — Bracken Darrell, Director and Officer — disposed of 96,000 shares in the company having a market value of approximately $4,147,008. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 81,302 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 177,302 shares and have averaged 88,651 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Logitech International is above the 24-company peer group average. Computer Hardware peer group saw 34 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Logitech International insiders was also higher. Within the peer group there were 35,214 shares purchased and 565,391 shares sold with company insiders disposing of 15,593 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.
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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