Significant Insider Selling Continues at Zayo Group Holdings (ZAYO)

Thursday, February 22, 2018 10:15 PM ET

Significant Insider Selling Continues at Zayo Group Holdings (ZAYO)

There was a significant sale of shares of Zayo Group Holdings by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Daniel Caruso, Director and Officer — sold 119,352 shares in the company having a market value of approximately $4,499,570. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 43,095 company shares and the disposition of 490,587 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 566,844 shares and have averaged 108,839 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Zayo Group Holdings is higher than the 3-company peer group average. Telcommunications Network Infrastructure peer group saw 8 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for Zayo Group Holdings insiders was also higher. Within the peer group there were 43,095 shares purchased and 490,587 shares sold with company insiders having sold 55,937 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 sourced in creating 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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