Wednesday, February 14, 2018 10:15 PM ET
Significant Insider Sales in Shares of Cognizant Technology Solutions (CTSH) Extends the Selling Trend of Last Quarter
Cognizant Technology Solutions, today, saw three insiders — Rajeev Mehta, Officer, Venkat Krishnaswamy, Officer, and Srinivasan Veeraraghavachary, Officer — dispose 117,217 shares having a market value of approximately $9,060,781, as reported in form 4 documents filed with the SEC. There have been 11 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 359,408 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 476,625 shares and have averaged 34,045 shares per transaction over this time period.
Cognizant Technology Solutions insider trading represents a higher number of buy/sell trades than for the 162 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 225 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Cognizant Technology Solutions insiders was also higher. Within the peer group there were 1,104,006 shares purchased and 2,353,636 shares sold with company insiders having sold 5,554 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
Today’s Insider Activity
* Rajeev Mehta, Officer, sold 108,217 shares
* Venkat Krishnaswamy, Officer, sold 4,000 shares
* Srinivasan Veeraraghavachary, Officer, sold 5,000 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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