Insider Activity: Corporate insiders look pessimistic about the outlook of the company stock that they seem to offload shares while they have 44.96 jumped so far this year. A SVP, Controller & PAO at Hewlett Packard Enterprise Company (HPE) sold shares in a trading activity completed on Friday July 29, 2016. Ricci Jeff T offloaded 28,776 shares in the company at a per-share price of $21.4 and ended up generating $615,810 in proceeds. Ricci Jeff T retains 0 shares in the stock after this transaction. A EVP and GM, HP Software in the company, Youngjohns Robert, on Tuesday July 19, 2016 collected $169,770 from the sale of 8,622 shares at a per-share price of $21.4. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.
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Don't forget that insiders are limited on the times and intervals they are allowed to sell or buy. They will have been awarded shares some time ago (typical 2-3 year.blocks) and the gains will be pretty decent now. Shares have risen nicely and it's a nice profit.
Nothing serious here, but it's when there is a mass dumping of shares from the very top that you need to worry. That suggests a bigger issue and one that suggests a big problem.
These sales are not significant in the big scheme of things.
I told everyone around to sell their shares in the company.
It is only a question of time when the upper management is selling their shares.