Marc D. Scherr, Vice-Chairman & COO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 25,000 shares at $108.35 ($2.7M) on 2013-05-02, disclosed to the SEC on 2013-05-06.
Seasonal sale ($2.7M) by Vice-Chairman & COO — this insider has traded ULTI in May in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $108.35 | 17,500 | $1.9M | 69.7% |
| 2 | $109.84 | 7,500 | $824K | 30.3% |
| Total | $108.80 avg | 25,000 | $2.7M | 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 → |