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Insider Trends: Eplus Insider Tax Sale Continues 90-Day Selling Trend

05/07/2021 12:39

04:28 PM EDT, 05/07/2021 (MT Newswires) -- On May 07, 2021, Darren S Raiguel, COO, completed a sale of 999 Eplus (PLUS) shares for approximately $100,699 to fulfill tax obligations. Following the Form 4 filing with the SEC, Raiguel controls 39,185 shares of the company of which 26,978 shares are held directly and 12,207 are owned indirectly. These holdings have an approximate market value of $3.95 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 7 insider transactions reported to the SEC for Eplus. These transactions came from the activities of 6 separate insiders that resulted in a net disposition of 17,336 company shares. Relative to the preceding 90-day window of time, there were 10 transactions from 6 insiders which resulted in the net disposition of 17,734 shares.

This is lower than the average level of insider transactions in the 188-company IT Services & Consulting peer group over the last 90-day period. Activity in the peer group averaged 115.3 transactions per company, and disposition of 25,967 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1022408/000156761921009315/xslF345X03/doc1.xml

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.