Friday, February 02, 2018 10:15 PM ET
Insider Sale at Citrix Systems (CTXS) Continues Selling Trend
There was a significant sale of shares of Citrix Systems by an insider today, as revealed in a form 4 document filed with the SEC. One insider — David J Henshall, Director and Officer — disposed of 12,500 shares in the company having a market value of approximately $1,157,750. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 98,530 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 111,030 shares and have averaged 22,206 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Citrix Systems is above its 100-company peer group average. The Software peer group saw 163 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Citrix Systems insiders is lower than its peers. Within the peer group there were 272,800 shares purchased and 18,828,010 shares sold with company insiders selling 113,836 shares on average over this time period.
In determining significant insider buying and selling, 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 obtained to create and write this story.
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