Microsoft Corp MSFT:NASDAQ

Last Price$138.11Cboe Real-Time Last Sale as of 10:16AM ET 8/20/19
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Today's Change-0.30(0.22%)
Bid (Size)$138.10 (400)
Ask (Size)$138.13 (466)
Day Low / High$137.39 - 138.37
Volume2.3 M

Insider Trends: Insider at RingCentral Continues Selling Trend with Tax Sale

8:16PM ET 5/21/2019 MT Newswires
On May 20, 2019, David Sipes, COO, sold 9,366 RingCentral (RNG) shares for approximately $1,133,192 to meet tax obligations. Sipes, after the transactions disclosed in the SEC Form 4 filing, has 265,501 shares of company stock, with a market value, based on the prior-day closing price, of $32.1 million.

During the most recent 90-day period, prior to the date of this filing, there have been 47 insider transactions reported to the SEC for RingCentral. These transactions came from the activities of 8 separate insiders that resulted in a net disposition of 245,907 company shares. This compares with the preceding 90-day window of time where there were 32 transactions from 6 insiders that resulted in the net disposition of 146,092 shares.

This is lower than the average level of insider transactions in the 71-company Enterprise Software peer group over the last 90-day period. Within the peer group activity averaged 112.9 transactions per company, and disposition of 49,836 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1384905/000120919119031869/xslF345X03/doc4.xml