Mar 28, 2016

Posted by in Stock Reports | 0 Comments

Insider Selling at Three Companies: Electronic Arts Inc. (NASDAQ:EA), Ross Stores, Inc. (NASDAQ:ROST), Infoblox Inc (NYSE:BLOX)

Insider Selling at Three Companies: Electronic Arts Inc. (NASDAQ:EA), Ross Stores, Inc. (NASDAQ:ROST), Infoblox Inc (NYSE:BLOX)

As a general rule, insider buying shows management’s confidence in the company, and is considered a bullish sign—in other words a sign that stock prices are likely to go up. Conversely, insider selling is considered bearish—those in the know may be off loading their stocks in an expectation that prices will soon fall. So it pays to keep an eye on the activities of insiders.

Studies have shown that prompt and timely dissemination of insider transactions are profitable for investors, as insiders tend to beat the market. The odds in favor of an insider purchase being followed by further purchases are three times greater than the odds of a purchase followed by a sale.

Electronic Arts Inc. (NASDAQ:EA) saw an insider sell on Mar 21, 2016 that may make shareholders worried. Jorgensen Blake J, EVP & Chief Financial Officer, sold 7,300 shares at $64.13 a piece. The total sale came to $468,177, leaving the total count to 80,546 shares. Its shares currently owned by company management are 0.30%. The 6-month change recorded in total insider ownership was -23.39%. On the other side, -0.95% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved O SULLIVAN MICHAEL B, a President, Chief Operating Off at Ross Stores, Inc. (NASDAQ:ROST) sold 20,163 shares at $58.05 per share to trim the total holding at 419,478 shares. Its shares currently owned by company management are 0.70% while institutional investors own about 91.20%. The 6-month change recorded in total insider ownership was -8.10%. On the other side, -2.20% change in total institutional ownership has been reported for the 3-month period.

Infoblox Inc (NYSE:BLOX) also received some insider trading action as Fulton Scott, who the company’s EVP, Product Strategy is sold some 3,058 shares at a price of $16.17 per share to the holding that now comprises of 133,731 shares. Its shares currently owned by company management are 1.50% while institutional investors own about 98.30%. The 6-month change recorded in total insider ownership was -8.52%. On the other side, 3.01% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

 

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