Insider at Syntel (SYNT) Makes Significant Sale of Stock

Wednesday, February 21, 2018 10:15 PM ET

Insider at Syntel (SYNT) Makes Significant Sale of Stock

A notable insider sale of the shares of Syntel was revealed in a form 4 document filed with the SEC today, showing — Prashant Ranade, Director and Officer — disposed of 50,000 shares in the company having a market value of approximately $1,359,235. There have been 8 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 4,088 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 54,088 shares and have averaged 6,010 shares per transaction over this time period.

The number of insider buy/sell trades at Syntel is higher than that of the 162 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 218 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Syntel insiders is lower than its peers. Within the peer group there were 749,597 shares purchased and 2,133,258 shares sold with company insiders disposing of 6,347 shares on average over this time period.

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 used to evaluate and write 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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