Significant Insider Sales Reported in Shares of Piper Jaffray Companies (PJC)

Monday, February 05, 2018 10:15 PM ET

Significant Insider Sales Reported in Shares of Piper Jaffray Companies (PJC)

SEC filings today revealed notable insider sales of Piper Jaffray Companies shares as two insiders — Andrew S Duff, Director, and Francis E Fairman IV, Officer — sold 60,000 shares in the company having a market value of approximately $5,633,234. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 30,000 shares per transaction.

Over the last 90 days, the number of insider buy/sell trades at Piper Jaffray Companies is above its 14-company peer group average. The Investment Banking peer group saw 3 buy/sell trades during this period for an average of 0.2 transactions per company. However, the number of shares traded per transaction by Piper Jaffray Companies insiders is lower than its peers. Within the peer group there were 12,500 shares purchased and 135,000 shares sold with company insiders selling 40,833 shares on average over this time period.

The data used in creating 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.

Today’s Insider Activity
* Andrew S Duff, Director, sold 50,000 shares
* Francis E Fairman IV, Officer, sold 10,000 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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