Monday, March 05, 2018 10:15 PM ET
Electronic Arts (EA) sees Significant Insider Sales Extending the Trend of Last Quarter
SEC filings today reported substantial insider sales of Electronic Arts shares as five insiders — Bruzzo, Soderlund, Wilson, Miele, and Singh — disposed of 16,450 shares in the company having a market value of approximately $2,023,121. There have been 9 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 94,533 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 110,983 shares and have averaged 7,927 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Electronic Arts is above its 33-company peer group average. The Application Software peer group saw 86 buy/sell trades during this period for an average of 2.6 transactions per company. However, the number of shares traded per transaction by Electronic Arts insiders is lower than its peers. Within the peer group there were 1,125 shares purchased and 1,824,804 shares sold with company insiders selling 21,206 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 used to create and write this story.
Today’s Insider Activity
* Chris Bruzzo, Officer, sold 1,500 shares
* Patrick Soderlund, Officer, sold 5,000 shares
* Andrew Wilson, Director and Officer, sold 9,000 shares
* Laura Miele, Officer, sold 750 shares
* Vijayanthimala Singh, Officer, sold 200 shares
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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