Monday, March 05, 2018 10:15 PM ET
Significant Insider Selling in Shares of Tyler Technologies (TYL) Continues
One Tyler Technologies insider — Luther King Jr, Director — today, sold 23,350 shares having a market value of approximately $4,727,782, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 200,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 223,350 shares and have averaged 111,675 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Tyler Technologies is above its 100-company peer group average. The Software peer group saw 129 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Tyler Technologies insiders is lower than its peers. Within the peer group there were 306,900 shares purchased and 14,508,203 shares sold with company insiders selling 110,088 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating 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 in data used in evaluating and writing this story.
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