Continued Level of Significant Insider Selling at Research Solutions (RSSS)
10:19 PM EST, 02/04/2021 (MT Newswires) -- A notable insider sale of the shares of Research Solutions was disclosed in a form 4 document filed with the SEC today, showing -- 12 West Capital Management Lp, 10% Owner -- sold 2,709,500 shares in the company having a market value of approximately $6,824,866. There have been 2 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 873,170 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 3,582,670 shares and have averaged 1,194,223 shares per transaction over this time period.
Research Solutions insider trading represents a higher number of buy/sell transactions than for the 83 peer company average over the last 90-day period. The Business Support Services peer group saw 77 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Research Solutions insiders was also higher. Within the peer group there were 330,235 shares purchased and 1,333,390 shares sold with company insiders selling 13,028 shares on average.
The data obtained in composing 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.
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.