Wednesday, February 28, 2018 10:15 PM ET
Insider Sale at Zayo Group Holdings (ZAYO) Continues Selling Trend
There was a notable sale of shares of Zayo Group Holdings by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Daniel Caruso, Director and Officer — sold 133,888 shares in the company having a market value of approximately $4,820,230. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 43,095 company shares and the sale of 609,939 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 700,732 shares and have averaged 131,154 shares per transaction over this time period.
The level of buy/sell trading at Zayo Group Holdings is is higher than the 3 peer company average over the last 90-day period. The Telcommunications Network Infrastructure peer group saw 9 buy/sell trades during this period for an average of 3.0 transactions per company. The number of shares per buy/sell trade for Zayo Group Holdings insiders was also higher. Within the peer group there were 43,095 shares purchased and 609,939 shares sold with company insiders disposing of 62,983 shares on average.
To bring into focus 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 in data obtained to create and write this story.
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