Friday, February 23, 2018 10:15 PM ET
Insider Selling in Shutterfly (SFLY) Shares Continues
There was a significant sale of shares of Shutterfly by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Brian Swette, Director — disposed of 13,401 shares in the company having a market value of approximately $1,016,593. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 19,362 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 32,763 shares and have averaged 8,191 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Shutterfly is above its 3-company peer group average. The Gift, Novelty & Souvenir Stores peer group saw 5 buy/sell trades during this period for an average of 1.7 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 19,362 shares sold with company insiders having bought 1,675 shares on average over this time period.
Insider buying and selling activity that is significant 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 composing 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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