Insider Sale at MarketAxess Holdings (MKTX) Continues Selling Trend

Thursday, February 22, 2018 10:15 PM ET

Insider Sale at MarketAxess Holdings (MKTX) Continues Selling Trend

There was a substantial sale of shares of MarketAxess Holdings by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Antonio L Delise, Officer — sold 8,000 shares in the company having a market value of approximately $1,605,379. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 35,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 43,000 shares and have averaged 21,500 shares per transaction over this time period.

MarketAxess Holdings insider trading represents a higher number of buy/sell trades than for the 13 peer company average over the last 90-day period. The Financial & Commodity Market Operators & Service Providers (NEC) peer group saw 19 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for MarketAxess Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 153,049 shares sold with company insiders having sold 8,055 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 evaluating and writing 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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