Monday, February 26, 2018 10:15 PM ET
Gartner (IT) sees Significant Insider Selling
There was a significant sale of shares of Gartner by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Eugene A Hall, Director and Officer — sold 49,687 shares in the company having a market value of approximately $5,783,196. This is the first insider buy/sell trade in the past 90 days.
Gartner level of buy-sell trading activity is close to the 162 member peer company average. The IT Services & Consulting peer group saw 221 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares per buy/sell trade transacted by Gartner insiders is higher. Within the peer group there were 639,219 shares purchased and 2,243,901 shares sold with company insiders disposing of 7,261 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 used in composing and writing this story.
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