Wednesday, February 28, 2018 10:15 PM ET
Insider Sale at F5 Networks (FFIV) Continues Selling Trend
There was a significant sale of shares of F5 Networks by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Andrew Reinland, Officer — sold 12,963 shares in the company having a market value of approximately $1,918,696. There have been 5 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 35,933 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 48,896 shares and have averaged 8,149 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at F5 Networks is greater than its 162-company peer group average. The IT Services & Consulting peer group saw 218 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by F5 Networks insiders is lower than its peers. Within the peer group there were 537,729 shares purchased and 2,370,464 shares sold with company insiders having sold 8,407 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in 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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