Marc D. Scherr, Vice-Chairman & COO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 19,496 shares at $157.74 ($3.1M) on 2016-02-16, disclosed to the SEC on 2016-02-17.
Seasonal sale ($3.1M) by Vice-Chairman & COO — this insider has traded ULTI in February in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $156.36 | 1,500 | $235K | 7.5% |
| 2 | $157.74 | 2,200 | $347K | 11.2% |
| 3 | $158.56 | 5,048 | $800K | 25.7% |
| 4 | $159.72 | 4,400 | $703K | 22.6% |
| 5 | $160.58 | 1,859 | $299K | 9.6% |
| 6 | $161.71 | 4,489 |
| $726K |
| 23.3% |
| Total | $159.48 avg | 19,496 | $3.1M | 100% |
| Filing → |
| ULTI | SELL | 2018-02-13 | $37.4M | — | Filing → |
| ULTI | SELL | 2017-11-08 | $5.9M | — | Filing → |
| ULTI | SELL | 2017-02-13 | $3.6M | — | Filing → |