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Insider Sales at Zynga (ZNGA) Extends the Selling Trend of Last Quarter

· 02/04/2021 17:34

10:19 PM EST, 02/04/2021 (MT Newswires) -- There was a notable level of share sales at Zynga by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders -- Frank D Gibeau, Director and Officer, and Jeffrey Miles Ryan, Officer -- sold 509,643 shares in the company having a market value of approximately $5,157,684. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 733,637 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,243,280 shares and have averaged 138,142 shares per transaction over this time period.

Today's Insider Activity

Zynga insider trading represents a higher number of buy/sell trades than for the 13 peer company average over the last 90-day period. The Internet Gaming peer group saw 19 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Zynga insiders was also higher. Within the peer group there were 420 shares purchased and 743,637 shares sold with company insiders disposing of 39,117 shares on average.

For the purpose of evaluating significant insider buying and selling all 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.

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.