Insiders at Ultimate Software Group (ULTI) Make Significant Stock Sales Extends the Trend of Last Quarter

Tuesday, February 13, 2018 10:15 PM ET

Insiders at Ultimate Software Group (ULTI) Make Significant Stock Sales Extends the Trend of Last Quarter

In SEC filings today Ultimate Software Group reported five insiders — Scherr, Scherr, Dauerman, Rogers, and Swick — disposed of 228,529 shares in the company having a market value of approximately $51,336,920. There have been 2 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 9,230 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 237,759 shares and have averaged 33,966 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Ultimate Software Group is above its 100-company peer group average. The Software peer group saw 140 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by Ultimate Software Group insiders is lower than its peers. Within the peer group there were 279,300 shares purchased and 18,515,802 shares sold with company insiders having sold 130,261 shares on average over this time period.

The data obtained in composing 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
* Scott Scherr, Director and Officer, sold 110,522 shares
* Marc D Scherr, Director and Officer, sold 83,351 shares
* Mitchell K Dauerman, Officer, sold 28,125 shares
* Adam Rogers, Officer, sold 3,563 shares
* Gregory Swick, Officer, sold 2,968 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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