Insider at Web.Com Group (WEB) Makes Significant Sale of Stock

Friday, February 23, 2018 10:15 PM ET

Insider at Web.Com Group (WEB) Makes Significant Sale of Stock

There was a notable sale of shares of Web.Com Group by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Kevin M Carney, Officer — sold 60,000 shares in the company having a market value of approximately $1,055,116. There have been 2 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 70,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 130,000 shares and have averaged 43,333 shares per transaction over this time period.

Web.Com Group insider trading represents a level of buy/sell trades that is above for the 162 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 224 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Web.Com Group insiders was also higher. Within the peer group there were 749,597 shares purchased and 2,253,551 shares sold with company insiders selling 6,714 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data sourced 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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