Microsoft Corp MSFT:NASDAQ

Last Price$132.80Cboe Real-Time Last Sale as of 12:33PM ET 6/17/19
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Today's Change+0.35(0.26%)
Bid (Size)$132.79 (600)
Ask (Size)$132.81 (900)
Day Low / High$132.54 - 133.73
Volume5.8 M

Insider Trends: RingCentral Insider Sale for Taxes Adds to 90-Day Selling Trend

8:17PM ET 5/21/2019 MT Newswires
Praful Shah, Chief Strategy Officer, reported a sale of 3,821 shares of RingCentral (RNG) for approximately $462,303 to fulfill tax obligations on May 20, 2019. Subsequent to the Form 4 filing with the SEC, Shah controls a total of 320,835 shares of the company, with 270,357 shares held directly and 50,478 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $38.8 million.

In the 90 days previous to the date of this filing, there have been 48 insider transactions reported to the SEC for RingCentral. These transactions came from the activities of 8 different insiders that resulted in a net disposition of 255,273 company shares. In the preceding 90-day window of time, there were 32 transactions from 6 insiders which resulted in the net disposition of 146,092 shares.

This is a lower level of transactions than the peer group average 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 49,838 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1384905/000120919119031870/xslF345X03/doc4.xml