Monday, January 29, 2018 10:15 PM ET
Insider at Adobe Systems (ADBE) Makes Significant Sale of Stock
A substantial insider sale of the shares of Adobe Systems was disclosed in a form 4 document filed with the SEC today, showing — Matthew Thompson, Officer — disposed of 50,775 shares in the company having a market value of approximately $10,158,884. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 1,125 company shares and the sale of 3,906 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 53,556 shares and have averaged 18,602 shares per transaction over this time period.
This number of buy-sell trades at Adobe Systems is near average for the 33 member peer company. The Application Software peer group saw 84 buy/sell trades during this period for an average of 2.5 transactions per company. However, trading at Adobe Systems represents a lower number of shares per transaction. Within the peer group there were 1,125 shares purchased and 1,713,597 shares sold with company insiders having sold 20,387 shares on average over this time period.
The data used in evaluating 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.
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.
For more information, contact UpTick at email@example.com. Copyright 2018 UpTick Data Technologies. All rights reserved.