Significant Insider Selling Continues at CSG Systems (CSGS)

Monday, February 26, 2018 10:15 PM ET

Significant Insider Selling Continues at CSG Systems (CSGS)

A significant insider sale of the shares of CSG Systems was revealed in a form 4 document filed with the SEC today, showing — Bret C Griess, Officer — disposed of 22,647 shares in the company having a market value of approximately $1,094,688. There have been 4 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 33,806 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 56,453 shares and have averaged 11,291 shares per transaction over this time period.

The number of insider buy/sell trades at CSG Systems is higher than that of the 162 peer company average over the last 90-day period. 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 traded per transaction by CSG Systems insiders is lower than its peers. 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 over this time period.

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 used to create 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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