Friday, February 02, 2018 10:15 PM ET
Insider Sales at Logitech International (LOGI) are Significant and Extend the Selling Trend of Last Quarter
Two insiders — L Joseph Sullivan, Officer, and Vincent Pilette, Officer — today, sold 57,330 shares of Logitech International having a market value of approximately $2,394,604, as revealed in form 4 documents filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 200,343 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 257,673 shares and have averaged 51,535 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Logitech International is higher than the 24-company peer group average. Computer Hardware peer group saw 35 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Logitech International insiders was also higher. Within the peer group there were 30,214 shares purchased and 684,432 shares sold with company insiders disposing of 18,692 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 creating and writing this story.
Today’s Insider Activity
* L Joseph Sullivan, Officer, sold 40,000 shares
* Vincent Pilette, Officer, sold 17,330 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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