Significant Insider Sales in Shares of Mellanox Technologies (MLNX) Extends the Selling Trend of Last Quarter

Friday, January 26, 2018 10:15 PM ET

Significant Insider Sales in Shares of Mellanox Technologies (MLNX) Extends the Selling Trend of Last Quarter

A substantial level of insider sales in Mellanox Technologies was reported in form 4 documents filed with the SEC today. Two insiders — Shai Cohen, Director, and Efrat Makov, 10% Owner — sold 34,800 shares in the company having a market value of approximately $2,324,722. There have been 11 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 4,573 company shares and the disposition of 93,456 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 123,683 shares and have averaged 10,248 shares per transaction over this time period.

The number of insider buy/sell trades at Mellanox Technologies is higher than the 77 peer company average over the last 90-day period. However, the number of shares per average transaction for Mellanox Technologies insider buy-sell trading is very close to the average of the Semiconductors peer group of companies. This peer group saw 14,573 shares purchased and 1,726,357 shares sold resulting in an average of 10,813 shares traded and netting out with company insiders disposing of 10,632 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.

Today’s Insider Activity
* Shai Cohen, Director, sold 35,000 shares
* Efrat Makov, 10% Owner, bought 200 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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