Significant Insider Selling in Shares of Intuit (INTU) Continues

Thursday, March 01, 2018 10:15 PM ET

Significant Insider Selling in Shares of Intuit (INTU) Continues

There was a notable sale of shares of Intuit by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Scott D Cook, Director and Officer — disposed of 107,463 shares in the company having a market value of approximately $18,201,214. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 778,265 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 885,728 shares and have averaged 442,864 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Intuit is lower than the 64-company peer group average. Enterprise Software peer group saw 162 buy/sell trades during this period for an average of 2.5 transactions per company. However, the number of shares per buy/sell trade for Intuit is higher. Within the peer group there were 565,436 shares purchased and 8,141,071 shares sold with company insiders selling 46,763 shares on average.

The data obtained in creating 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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