Tuesday, February 06, 2018 10:15 PM ET
Evercore (EVR) sees Significant Insider Selling Continuing
A SEC filing today disclosed a significant insider sale of Evercore shares as — Roger C Altman, Director and Officer — sold 121,913 shares in the company having a market value of approximately $11,855,239. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 243,644 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 365,557 shares and have averaged 91,389 shares per transaction over this time period.
The number of insider buy/sell trades at Evercore is greater than that of the 15 peer company average over the last 90-day period. The Investment Banking & Brokerage Services peer group saw 23 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by Evercore insiders is lower than its peers. Within the peer group there were 72,510 shares purchased and 2,370,974 shares sold with company insiders selling 99,933 shares on average over this time period.
Significant insider buying and selling activity 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 data obtained in evaluating 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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