Wednesday, March 07, 2018 10:15 PM ET
Insider Selling at Alphabet (GOOG) Continues with Significant Sale
A filing with the SEC today revealed a significant insider sale of Alphabet shares as — Sundar Pichai, Director and Officer — sold 4,000 shares in the company having a market value of approximately $4,357,940. There have been 4 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 17,523 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 21,523 shares and have averaged 4,305 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Alphabet is greater than the 7-company peer group average. Search Engines peer group saw 14 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Alphabet insiders was also higher. Within the peer group there were 0 shares purchased and 17,523 shares sold with company insiders disposing of 1,252 shares on average.
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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