Insider Sale at Ultimate Software Group (ULTI) Continues Selling Trend

Thursday, February 22, 2018 10:15 PM ET

Insider Sale at Ultimate Software Group (ULTI) Continues Selling Trend

There was a significant sale of shares of Ultimate Software Group by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Rick Wilber, Director — sold 5,000 shares in the company having a market value of approximately $1,224,800. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 237,759 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 242,759 shares and have averaged 30,345 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Ultimate Software Group is greater than its 100-company peer group average. The Software peer group saw 126 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Ultimate Software Group insiders is lower than its peers. Within the peer group there were 312,300 shares purchased and 14,570,710 shares sold with company insiders selling 113,162 shares on average over this time period.

The data obtained 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.

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 Copyright 2018 UpTick Data Technologies. All rights reserved.

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