Tuesday, February 13, 2018 10:15 PM ET
Insider Sales at Lumentum Holdings (LITE) Extends the Selling Trend of Last Quarter
There was a notable level of share sales at Lumentum Holdings by insiders today, as reported in form 4 documents filed with the SEC. Three insiders — Martin A Kaplan, Director, Harold L Covert, Director, and Jason Reinhardt, Officer — disposed of 22,872 shares in the company having a market value of approximately $1,296,809. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 15,921 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 38,793 shares and have averaged 6,466 shares per transaction over this time period.
The number of insider buy/sell trades at Lumentum Holdings is greater than that of the 76 peer company average over the last 90-day period. The Communications & Networking peer group saw 95 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Lumentum Holdings insiders is lower than its peers. Within the peer group there were 1,000 shares purchased and 1,447,636 shares sold with company insiders selling 15,228 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 sourced in creating and writing this story.
Today’s Insider Activity
* Martin A Kaplan, Director, sold 6,000 shares
* Harold L Covert, Director, sold 7,564 shares
* Jason Reinhardt, Officer, sold 9,308 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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