Significant Insider Selling in Shares of Apollo Global Management (APO) Continues

Friday, February 23, 2018 10:15 PM ET

Significant Insider Selling in Shares of Apollo Global Management (APO) Continues

A substantial insider sale of the shares of Apollo Global Management was indicated in a form 4 document filed with the SEC today, showing — Joshua Harris, 10% Owner, Director and Officer — sold 196,278 shares in the company having a market value of approximately $6,686,632. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 1,280 company shares and the disposition of 137,500 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 332,498 shares and have averaged 83,765 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Apollo Global Management is higher than the 31-company peer group average. Investment Management & Fund Operators peer group saw 40 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Apollo Global Management insiders was also higher. Within the peer group there were 40,008 shares purchased and 828,499 shares sold with company insiders selling 19,712 shares on average.

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.

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