Insider Sales at Eplus (PLUS) are Significant and Extend the Selling Trend of Last Quarter

Tuesday, February 20, 2018 10:15 PM ET

Insider Sales at Eplus (PLUS) are Significant and Extend the Selling Trend of Last Quarter

Eplus, today, saw two insiders — Mark P Marron, Officer, and Lawrence S Herman, Director — sell 18,473 shares having a market value of approximately $1,390,506, as revealed in form 4 documents filed with the SEC. 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 sale of 4,200 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 22,673 shares and have averaged 5,668 shares per transaction over this time period.

The number of insider buy/sell trades at Eplus is greater than that of the 162 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 217 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Eplus insiders is lower than its peers. Within the peer group there were 919,925 shares purchased and 2,106,801 shares sold with company insiders selling 5,469 shares on average over this time period.

The data used 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
* Mark P Marron, Officer, sold 17,973 shares
* Lawrence S Herman, Director, sold 500 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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