Friday, March 09, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Intuit (INTU)
A SEC filing today indicated a notable insider sale of Intuit shares as — Scott D Cook, Director and Officer — sold 159,556 shares in the company having a market value of approximately $27,165,852. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 702,395 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 861,951 shares and have averaged 430,976 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Intuit is below the 64-company peer group average. Enterprise Software peer group saw 170 buy/sell trades during this period for an average of 2.7 transactions per company. However, the number of shares per buy/sell trade for Intuit is higher. Within the peer group there were 548,162 shares purchased and 8,316,289 shares sold with company insiders selling 45,695 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.
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