Tuesday, February 06, 2018 10:15 PM ET
Insider Sales at F5 Networks (FFIV) are Significant and Extend the Selling Trend of Last Quarter
A significant level of insider sales in F5 Networks was revealed in form 4 documents filed with the SEC today. Three insiders — Andrew Reinland, Officer, John D DiLullo, Officer, and Francois Locoh-Donou, Director and Officer — sold 8,933 shares in the company having a market value of approximately $1,280,842. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 15,489 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 24,422 shares and have averaged 6,106 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at F5 Networks is higher than its 161-company peer group average. The IT Services & Consulting peer group saw 241 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by F5 Networks insiders is lower than its peers. Within the peer group there were 1,279,340 shares purchased and 2,411,973 shares sold with company insiders selling 4,700 shares on average over this time period.
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 used to compose and write this story.
Today’s Insider Activity
* Andrew Reinland, Officer, sold 3,457 shares
* John D DiLullo, Officer, sold 3,801 shares
* Francois Locoh-Donou, Director and Officer, sold 1,675 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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