Boston, MA 09/10/2014 (wallstreetpr) – Information technology company, ePlus Inc. (NASDAQ:PLUS) Chief Operating Officer, Mark Marron, has resorted to selling part of his holding on Monday in the open market. During the month of August, the insiders have only sold shares and failed to acquire any shares.
Unload Shares
ePlus Inc. (NASDAQ:PLUS)’s Chief Operating Officer has decided to divest 10,000 shares at the rate of $55.98 on September 8. This has fetched him an amount of approximately $559,800, according to Form 4 filing by the company with the regulator on September 9. The insider’s selling price indicated a discount of 9.4% over the yearly high price of $61.76. On the other hand, Mark Marron has got a premium of nearly 18% from the 52-week low price of $47.49.
ePlus insider continues to hold about 43,429 shares after the recent unloading of shares.
Earlier Insider Transaction
In August, there were ten transactions of selling alone in the open market while one transaction was off-the market, data from Nasdaq suggested. As a result, 73,123 shares were sold in the open market at different prices realizing an amount of $4.24 million for the insiders.
The sellers included Directors of ePlus Inc. (NASDAQ:PLUS) Bruce Bowe and Eric Hovde apart from its Senior Vice President for Business Operations, Steven Mencarini.
One-Year Transaction
In the last three-month period, there were twenty-eight transactions of insider trading activities. Of this, 22 belonged to sale activities and only six transactions related to buying of shares. As a result, 44,644 shares were acquired while 97,894 shares were sold by the insiders. This has left a net sale activity of 53,250 shares during the last three-month period.
Similarly, for the twelve-month period, insiders have indulged in 83 transactions. While 62 transactions belonged to sale of shares, twenty-one transactions related to buying activities. As far as number of shares were concerned, total selling outnumbered total buying quantities. A total of 2.66 million shares were sold compared to 136,988 shares of the purchase. This meant that there was a net sale activity of 2.53 million in the last one-year period.
