Alphabet (GOOG) Insider Makes Significant Share Sale

Monday, February 05, 2018 10:15 PM ET

Alphabet (GOOG) Insider Makes Significant Share Sale

There was a notable insider sale of Alphabet shares today, as indicated in a filing with the SEC as — Dr John L Hennessy, Director — disposed of 1,026 shares in the company having a market value of approximately $1,120,834 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 36,955 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 37,981 shares and have averaged 7,596 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Alphabet is greater than the 7-company peer group average. Search Engines peer group saw 19 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for Alphabet insiders was also higher. Within the peer group there were 0 shares purchased and 36,955 shares sold with company insiders having sold 1,945 shares on average.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to evaluate and write 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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