PayPal Holdings (PYPL) sees Significant Insider Sales Reversing the Trend of buys over Last Quarter

Tuesday, February 06, 2018 10:15 PM ET

PayPal Holdings (PYPL) sees Significant Insider Sales Reversing the Trend of buys over Last Quarter

There was a substantial level of insider selling reported today in filings with the SEC for PayPal Holdings. Three insiders — William J Ready, Officer, Adele Louise Pentland, Officer, and Aaron Anderson, Officer — sold 75,367 shares in the company for approximately $5,858,353. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the purchase of 6,750 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 68,617 shares and have averaged 20,529 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at PayPal Holdings is above the 10-company peer group average. Internet Security & Transactions Services peer group saw 10 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for PayPal Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 160,576 shares sold with company insiders selling 16,058 shares on average.

The data sourced 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
* William J Ready, Officer, sold 60,000 shares
* Adele Louise Pentland, Officer, sold 6,000 shares
* Aaron Anderson, Officer, sold 9,367 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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