Tuesday, February 20, 2018 10:15 PM ET
Insider Sale at Apollo Global Management (APO) Continues Selling Trend
A substantial insider sale of the shares of Apollo Global Management was disclosed in a form 4 document filed with the SEC today, showing — Joshua Harris, 10% Owner, Director and Officer — sold 125,000 shares in the company having a market value of approximately $4,317,213. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 1,280 company shares and the disposition of 5,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 128,720 shares and have averaged 43,760 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Apollo Global Management is higher than its 31-company peer group average. The Investment Management & Fund Operators peer group saw 25 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Apollo Global Management insiders is lower than its peers. Within the peer group there were 47,206 shares purchased and 1,358,761 shares sold with company insiders selling 52,462 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all 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 obtained to compose and write this story.
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