Lawrence Page (Insider Trades), CEO and 10% Owner of Alphabet Inc. (GOOG), sold 33,332 Class C shares of the company on October 24, 2016. The average price per share was $823.31, for a total transaction of $27,442,569. Alphabet Inc. is a conglomerate that encompasses a variety of companies, including a restructured Google Inc. Lawrence Page and Sergey Brin, founders of Google, also serve as the CEO and President of Alphabet Inc. The company has a market cap of 562.94 billion.
Including the aforementioned transaction, Page conducted 53 GOOG insider sells in 2016 to date, amounting to 1,500,004 shares sold. In total since 2014, Page sold 4,956,003 shares of the company in 160 transactions. CEO of Google Inc., Sundar Pichai (Insider Trades), also sold 4,000 shares of GOOG at an average per share price of $801.27. The number and volume of insider sells per year increased from 131 transactions totaling 3,511,185 shares in 2014, to 176 transactions totaling 4,110,129 shares in 2015. In 2016 to date, there were 148 insider sells of GOOG, which amounts to 3,273,049 shares. For more information about insider trades with GOOG, click here. Continue Reading »