Jonathan Oringer (Insider Trades), CEO and 10% owner of Shutterstock Inc. (SSTK), bought 100,000 shares on Aug. 27. The average price per share was $32.56, for a total transaction amount of $3,256,000. Shutterstock is a global provider of high-quality licensed photographs, vectors, illustrations, videos, and music to businesses, marketing agencies, and media organizations. SSTK’s market cap is $1.22 billion, and P/S ratio is 3.10.
Oringer bought 100,000 shares in one transaction, and sold 2,530,000 shares in one transaction since September 2013. The volume of insider sells decreased from 5,780,000 in 2013, to 155,000 in 2014, and then again to 11,367 shares from January to August 2015. The number of insider sells did not follow the same pattern, increasing from 8 to 21, then to 3 from 2013 to 2015. There were no insider buys on the company from November 2012 to July 2015. The volume and number of insider sells is directly related to SSTK month end price. For more information about insider transactions with SSTK, click here. Continue Reading »