Insider Sale at Intuitive Surgical (ISRG) Continues Selling Trend

Wednesday, January 31, 2018 10:15 PM ET

Insider Sale at Intuitive Surgical (ISRG) Continues Selling Trend

There was a notable sale of shares of Intuitive Surgical by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Lonnie M Smith, Director — disposed of 18,000 shares in the company having a market value of approximately $7,716,314. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 580 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 18,580 shares and have averaged 9,290 shares per transaction over this time period.

The number of insider buy/sell trades at Intuitive Surgical is higher than that of the 92 peer company average over the last 90-day period. The Advanced Medical Equipment & Technology peer group saw 119 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Intuitive Surgical insiders is lower than its peers. Within the peer group there were 14,570,655 shares purchased and 3,470,989 shares sold with company insiders having bought 163,230 shares on average over this time period.

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 creating 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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