Insider Sale at Advanced Drainage Systems (WMS) Continues Selling Trend

Tuesday, February 20, 2018 10:15 PM ET

Insider Sale at Advanced Drainage Systems (WMS) Continues Selling Trend

A substantial insider sale of the shares of Advanced Drainage Systems was indicated in a form 4 document filed with the SEC today, showing — Robert M Klein, Officer — disposed of 75,000 shares in the company having a market value of approximately $2,049,885. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 45,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 120,000 shares and have averaged 40,000 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Advanced Drainage Systems is greater than the 2-company peer group average. Plumbing Fixtures & Fittings peer group saw 3 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Advanced Drainage Systems insiders was also higher. Within the peer group there were 0 shares purchased and 45,000 shares sold with company insiders disposing of 15,000 shares on average.

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 composing and writing this story.

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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