Significant Insider Selling in Shares of Shutterstock (SSTK) Continues
10:19 PM EST, 02/04/2021 (MT Newswires) -- There was a notable sale of shares of Shutterstock by an insider today, as indicated in a form 4 document filed with the SEC. One insider -- Jonathan Oringer, 10% Owner, Director and Officer -- disposed of 44,707 shares in the company having a market value of approximately $2,940,233. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 170,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 214,707 shares and have averaged 107,354 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Shutterstock is above the 65-company peer group average. Online Services (NEC) peer group saw 60 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Shutterstock insiders was also higher. Within the peer group there were 287,213 shares purchased and 849,303 shares sold with company insiders selling 9,368 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 compose and write this story.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.