Significant Insider Sales Reported in Shares of Shutterfly (SFLY) Extending the Trend of Last Quarter

Wednesday, February 21, 2018 10:15 PM ET

Significant Insider Sales Reported in Shares of Shutterfly (SFLY) Extending the Trend of Last Quarter

Two insiders — Satish Menon, Officer, and Tracy Layney, Officer — sold 17,170 shares of Shutterfly having a market value of approximately $1,283,431, today, as disclosed in form 4 documents filed with the SEC. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 2,192 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 19,362 shares and have averaged 6,454 shares per transaction over this time period.

The number of insider buy/sell trades at Shutterfly is above that of the 3 peer company average over the last 90-day period. The Gift, Novelty & Souvenir Stores peer group saw 3 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Shutterfly insiders is lower than its peers. Within the peer group there were 27,739 shares purchased and 2,192 shares sold with company insiders acquiring 8,516 shares on average over this time period.

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 creating and writing this story.

Today’s Insider Activity
* Satish Menon, Officer, sold 12,428 shares
* Tracy Layney, Officer, sold 4,742 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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