Tuesday, February 20, 2018 10:15 PM ET
Insider Sale at QuinStreet (QNST) Continues Selling Trend
A substantial insider sale of the shares of QuinStreet was revealed in a form 4 document filed with the SEC today, showing — James R Simons, Director — disposed of 229,717 shares in the company having a market value of approximately $2,879,424. 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 473,343 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 703,060 shares and have averaged 234,353 shares per transaction over this time period.
The number of buy-sell trades for QuinStreet is close to that of the 1 member peer company average. The Direct Marketing peer group saw 3 buy/sell trades during this period for an average of 3.0 transactions per company. However, the number of shares per buy/sell trade transacted by QuinStreet insiders is higher. Within the peer group there were 0 shares purchased and 473,343 shares sold with company insiders selling 157,781 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 used in composing and writing this story.
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